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Wednesday, January 10, 2018

Noble's future is getting from bad to worse.

https://sg.finance.yahoo.com/news/troubled-noble-group-says-goodbye-global-oil-trading-040332524--finance.html

Noble has given up its oil trading business and is only left with its hard commodities division which consists of LNG & coal trading.

The hard commodities are not doing well because countries are getting more environmentally conscious especially with the chaotic climatic changes nowadays.  Carbon emission is on the mind of every government now and some countries are imposing combustible cars sales ban by 2030.

Sigh! We really have nothing good to speak of right now for Noble.

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