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Bart Myers

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Bart Myers

Re: None

Friday, 03/11/2011 10:37:19 AM

Friday, March 11, 2011 10:37:19 AM

Post# of 210
Citi is out with its report today on Noble Corp (NYSE: NE), reiterating Buy.

In a note to clients, Citi writes, "NE announced that it has received six contracts and one extension from Pemex. We believe this is a significant positive for NE because it suggests relief from some of the delays that have characterized offshore (and onshore) drilling in Mexico. We reiterate our Buy rating and $54 price target. With this many contracts and at these terms and rates, Mexico appears to be coming out of a period of uncertainty and moving forward with its drilling program."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/03/920133/citi-reiterates-buy-on-noble-corp-ne#ixzz1GJ0ZaDpj
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