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Noble Energy (NBL -1.3%) isn't getting a lift from announcing a major natural gas find, but...

  • Wednesday, December 28, 2011, 1:12 PM ET
    Noble Energy (NBL -1.3%) isn't getting a lift from announcing a major natural gas find, but Goldman is enthusiastic about the news, and is reiterating it Conviction Buy rating and $109 PT in response. The firm thinks the political challenges of exporting gas from an EU state should be limited, and believes the find makes Noble a stronger buyout candidate, particularly to European energy companies.
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    Per Goldman "the firm thinks the political challenges of exporting gas from an EU state should be limited, and believes the find makes Noble a stronger buyout candidate, particularly to European energy companies". Why does GS think Noble Energy will be a buyout candidate?
    29 Dec 2011, 02:02 PM Reply Like
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