Hara Capital and the Curious Case of Noble Corp.

Now, listen closely. Hara Capital, a firm not entirely unlike a particularly fussy badger digging for truffles, has decided to take a rather large nibble out of Noble Corporation. A whole 173,597 shares, to be precise. That’s a lot of drilling, even for a company that spends its days poking holes in the ocean floor in search of black gold. Noble, you see, operates these enormous, floating contraptions – drilling units, they call them – for the big oil and gas chaps. Perfectly respectable, if you ignore the rather messy business of extracting things from the earth.

They’ve purchased a tidy pile of Noble shares – 173,597, in fact.
This little spree cost them $4.9 million. A substantial sum, even for a badger with deep pockets.
It represents 2.7% of their whole hoard – their ‘reportable assets under management’, as the grown-ups say.

What’s Been Going On?

An official document, a sort of scroll penned by the SEC (a group of very serious people who like to keep track of things), revealed that Hara Capital decided to add Noble to their collection during the last quarter. It’s a bit like a magpie spotting a shiny new object, really.

A Closer Look

This is a brand-new addition to Hara’s portfolio. It’s like introducing a rather boisterous new character into a quiet play.
That 2.7% represents $179.74 million worth of U.S. equity. Quite a lot of money, enough to buy a small island, perhaps.
Here’s what else Hara Capital is fiddling with:

NYSE: PBF: $16.2 million (9.0% of their hoard)
NYSE: VAL: $8.5 million (4.7% of their hoard)
NYSE: NBR: $6.8 million (3.8% of their hoard)
NASDAQ: VGSH: $6.2 million (3.4% of their hoard)
NASDAQ: VGIT: $5.6 million (3.1% of their hoard)

On January 14th, Noble shares were priced at $32.58. A perfectly reasonable price, unless you’re a particularly greedy goblin.

Noble Corporation: A Brief Description

Metric	Value
Revenue (TTM)	$3.4 billion
Net Income (TTM)	$226.7 million
Dividend Yield	6.1%
Price (as of market close 2026-01-14)	$32.58

The Company Snapshot

Noble Corporation is a firm that sends these enormous drilling rigs out to sea. They’re like giant metal beetles, burrowing beneath the waves for oil and gas. They provide the equipment and the expertise, and the oil companies pay them handsomely. It’s a rather messy business, really, but someone has to do it.

They lease out these enormous drilling rigs.
They earn money by letting oil and gas companies use their equipment.
Their customers are the big oil and gas companies, naturally.

What Does This Mean for Investors?

Hara Capital’s purchase of these shares is a bit like adding another piece to a very complicated puzzle. It’s their sixth-largest holding, worth $4.9 million at the end of the year. Noble now accounts for 2.7% of their entire portfolio. They didn’t own a single share before. A rather sudden change of heart, wouldn’t you say?

Now, Noble’s shares haven’t been exactly soaring. Over the last year, they’ve lost 2.9%, while the S&P 500 has gained a rather impressive 18.8%. The dividends did provide a return of 3.2%, but that’s still quite a bit below the index’s 20.1%. A rather disappointing performance, if you ask me.

Like all companies in this line of work, Noble’s fortunes are tied to the price of oil and gas. Their revenue for the third quarter was $798 million, a tiny bit lower than the previous year. But they’ve signed some new contracts, and their backlog has grown to $7 billion. A promising sign, perhaps, but one should always be wary of promises.

2026-01-16 00:35

Hara’s Noble Plunge