Market Perform - Price 24.82 on Nov. 25
by Morgan Keegan

Noble updated its fleet status, highlighting five additional months of shipyard for a drillship and...a semisubmersible. The update also noted new jackup contracts in Mexico and the Mideast, and deferral of the bulk of shipyard time scheduled for 4Q into first-half '09. We're maintaining our '08 EPS at $5.68, but decreasing our '09 EPS to $7.30 from $7.45, given added shipyard days; we maintain our '10 EPS of $7.96. Term contracts continue to provide a stable earnings stream.... [Although] quality assets are providing industry-high margins and higher day rates, we're [sidelined] in light of the economy. Market cap: $6 billion.

Oild Drillers

Technical analysis
wait for confirm on Nov19

100

0.45% of the assets of:

ProFunds UltraMid Cap Inv (UMPIX) which is up 26.79% on the year so far.

this stock has done alright this year

Raised its payout 60%, to 12 cents a share from 7.5 cents.

Downgraded by Citigroup from Buy to Hold