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Pabrai Wagons Fund's investment thesis on Noble Corp. ($NE) — Q2 2026 | Buyside Digest

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$NENYSENoble Corp.

NEUTRAL

Pabrai Wagons Fund—NE

Fund Letter

Q2 2026

Published July 4, 2026

View Fund Profile

$39.90USD

-12.5% vs last month

$39.97Pitched

-0.2% since pitch

Market Cap$6.6B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

The Pabrai Wagons ETF returned -1.79% in Q2 2026 versus +15.20% for the S&P 500, bringing YTD returns to +12.12% versus +10.21% for the index. The fund maintains...

— Mohnish Pabrai

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What other investors think about $NE, and what else Pabrai Wagons Fund is buying.

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Praetorian Capital ManagementBULL

Pitched Apr 24, 2025

We own a collection of offshore services companies (drillships, jack-ups and OSVs), in the belief that offshore spending will increase in the future as a percentage of overall oilfield spending.

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