News Breaks
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| 14:08 EDT |  | NE |
| theflyonthewall.com: | Noble Corporation pullback presents buying opportunity, says Weeden | | Weeden notes that ODS, a widely followed offshore rig market data provider, issued a story yesterday afternoon saying Pemex would reduce by 12 the number of jackups working in Mexico. The firm estimates a 50c-55c EPS impact to its 2010 estimate of $5.55 if Noble were to have no contract renewals in 2010. However, Weeden views the sell-off in Noble shares as overdone and keeps a Buy rating on the stock. :theflyonthewall.com |
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