https://sg.finance.yahoo.com/news/noble-group-sell-oil-liquids-business-vitol-580-001536214--finance.html
Q2 2017 = $1.75B loss
Q3 2017 = $1.2B loss
How long do you think Noble can last after losing close to $3B in just 2 quarters?
The cash proceeds from this sale will be $580M which are still much lesser than its debt of more than $3B.
Noble is burning cash pretty fast!
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