Noble Corporation plc (NE) Gained from Energy Price Hike

Noble Corporation plc (NE) Gained from Energy Price Hike Soumya Eswaran Mon, April 13, 2026 at 9:29 AM EDT 3 min read ^GSPC NE NE-WS NE-WSA CL=F Patient Capital Management , based in Baltimore, released its first-quarter 2026 investor letter for the “Patient Opportunity Equity Strategy,” available for download here . The strategy’s long-term value approach aims to build wealth over time. It returned -5.96% net of fees in Q1, compared to the S&P 500’s -4.33% return. As per three-factor performance attribution model the underperformance was due to selection and interaction effects, partly offset by allocation effects. The year started strongly with markets reaching an all-time high in late January, then reversed. AI fears sparked a "SaaS pocalypse," while 'hyperscalers' CAPEX worries affected returns. Software debt and illiquid markets unsettled private credit, leading most BDCs to restrict redemptions. Middle East conflicts pushed crude oil prices higher, further increasing the risk of inflation. Please review the Strategy’s top five holdings to gain insights into their key selections for 2026. In its first-quarter 2026 investor letter, Patient Opportunity Equity Strategy highlighted stocks like Noble Corporation plc (NYSE: NE ). Noble Corporation plc (NYSE:NE) is a US-based offshore drilling contractor for the oil and gas industry. On April 10, 2026, Noble Corporation plc (NYSE:NE) closed at $48.93 per share. One-month return of Noble Corporation plc (NY…