Introducing Noble Corporation $Ne (+0.27%) - a new addition to my portfolio - is an offshore drilling company specializing in the provision of services for the exploration and production of oil and gas.

The company offers its customers a wide range of services that cover the entire life cycle of a drilling project, from well planning to decommissioning.

Noble Corporation's key activities include:

1.Drilling exploratory wells: Noble Corporation drills exploratory wells to find new oil and gas deposits.

2. drilling production wells: Once an oil or gas deposit is discovered, Noble Corporation drills production wells to produce the oil or gas.

3.drilling subsea wells: Noble Corporation specializes in drilling subsea wells in water depths of up to 2,000 meters.

4.drilling wells in extreme depths and environments: Noble Corporation has the experience and expertise to drill wells in extreme depths and environments, such as arctic regions or areas of high pressure and temperature.

The company's fleet includes:

Jackup drilling rigs: Jackup drilling rigs are mobile platforms that stand on three legs and can be deployed in water depths of up to 120 meters.

Semi-submersible platforms: Semi-submersible platforms are floating platforms suitable for use in water depths of up to 800 meters.

Drill ships: Drill ships are the largest and most powerful drilling platforms and can be used in water depths of up to 3,000 meters.

An overview of the fleet can be found on the company homepage

https://noblecorp.com/our-fleet/fleet/default.aspx

As this stock is cyclical, I will continue to buy in small tranches this year 🤑🤞🏼📈