Like other drilling companies with substantial operations in the Gulf of Mexico, Noble Energy (NYSE: NBL) was hit hard by the BP oil spill in 2010. After nearly a year of downtime in the Gulf, the company received the first permit in 2011 to restart a deepwater well off the coast of Louisiana. But Noble Energy is not confined to deep water operations. The company, along with Anadarko Petroleum and more »
Founded by Chuck Royce in 1972, Royce & Associates is on a quest for small-cap value investments. Royce looks for companies with market caps lower than $5 billion that are underpriced relative to their enterprise value.
Recently, Royce released his latest holdings through a 13F filing. We will discuss his most bullish bets and decide whether it makes sense for investors to purchase these stocks.