Dicker: Ukraine Crisis Makes Noble Energy a Buy
It is this deep reliance on the Russian energy supply that can be used to such great effect by Russia in reestablishing a favorable government in Kiev, but also gives the Europeans pause in trying to intervene on behalf of the new Ukrainian government.
The threat of a slowdown in Russian natural gas supply is an incentive used often on the EU, particularly recently when a massive cold snap held Europe in its grip late in 2012, and more recently in the EU bailout of Cypriot banks in the spring of 2013. When energy supplies are at stake, sometimes morality can take a back seat.
The markets for Leviathan natural gas and oil could not be needier, and the crisis in Ukraine shows just how vulnerable Eastern Europe and specifically Turkey, Greece, Italy and other Mediterranean countries are. But with the value of Leviathan still slipping under the radar, shares of Noble remain unrewarded for this game changer.
It will not be a quick profit, but the continuing development of Leviathan will be a tremendous catalyst to Noble shares. The Ukraine crisis makes clear just how good a value Noble is right now.
I talk more about Noble and the Ukraine crisis with Jim in the video above.
At the time of publication the author had a position in NBL, as does Jim Cramer's charitable portfolio, Action Alerts PLUS.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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