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Strategies & Market Trends : BAK - Investing

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To: thatsnotluck who wrote (2681)	5/16/2012 10:13:10 AM
From: Covenant	of 3249

Re: NE continues to slide MARKET TALK: Macquarie More Bullish On Offshore Drillers May 16, 2012 09:57:21 (ET) 9:57 (Dow Jones) Macquarie thinks three major factors "provide a compelling entry point" for deepwater drilling stocks: Share prices have pulled back recently, Brent crude prices have fallen, and the group posted strong quarterly results. It raises ratings on Atwood Oceanics (ATW), Ensco (ESV), Noble (NE) and Rowan (RDC) to outperform from neutral, and Transocean (RIG) to neutral from underperform. Macquarie's offshore driller composite has pulled back almost 17% in the past two months. All stocks trading higher. (alexandra.scaggs@dowjones.com) Call us at (212) 416-3100 or email patrick.sullivan@dowjones.com (END) Dow Jones Newswires May 16, 2012 09:57 ET (13:57 GMT)

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