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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (43245)4/26/1999 9:50:00 AM
From: Bazmataz  Read Replies (2) of 95453
 
RESEARCH ALERT - DLJ cuts Noble Drilling
NEW YORK, April 26 (Reuters) - Donaldson Lufkin & Jenrette cut its rating on Noble Drilling Corp. to market perform from buy, a market source said Monday.

-- Further details were not immediately available.

-- On Wednesday, the company reported lower first quarter earnings compared with the same period a year ago, saying low oil prices had led to reduced drilling activity by exploration companies.

-- Stock closed Friday at 18-3/8.
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