Noble Q1-2018 real loss is -US$ 205M

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The author of this article is short Noble

Noble wasn’t the strongest or the smartest but its temptation, planning, co-opting with some actors and mindfuking of the Press, employees and markets- may allow them to execute highly reprehensible plans.

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Noble real loss is for Q1-2018 is -205M

“Share of profits and losses of joint ventures and associates increased to US$134 million as a result of the increase in fair value of the Group’s investment in Harbour Energy – which has benefitted from an increase in value of their asset portfolio”.

-Q1-2018 MD&A

(…)

What is Harbour Energy ?

What we refer to is US $10.2B pending takeover with a dilutive effect for Noble even if conclusive. What we observe is Noble increasing its fair-value into Harbour– in an attempt to completely obfuscate their financial results– despite it can’t never pretend to fund a 75 percent equity contribution into Harbour Energy.

http://www.harbourenergy.com/news/press-releases/harbour-energy-proposal-acquire-santos-limited

Noble is very confident about the business model better known as mark-to-infinity.

They’ve unstoppably used the trick in the past when Noble was building-up assets and now as Noble changes its shelf.

Article by The Noble Files