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Monday, June 12, 2017

Noble has to sell its core assets because it can't get new loans.

https://uk.reuters.com/article/uk-noble-restructuring-oil-idUKKBN1930F7

Noble has to sell its core assets for survival since it cannot get new loans.  Noble will be left with just bad assets after selling its good assets.  It'll be hard for Noble to turn around with its remaining bad assets.

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