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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (176365)2/8/2013 10:23:32 AM
From: Dennis Roth2 Recommendations  Read Replies (1) | Respond to of 206154
 
Noble Energy Inc (NBL)
Q4’12 Wrap-Up: Hitting on All Cylinders with Exploration Teed Up
8 February 2013 ¦ 22 pages
ir.citi.com

Q4’12 Bottom Line – As outlined in our ‘ Quick Read’ note, while total production
was in line with our projection, bottom-line results exceeded expectations. The beat
was driven by lower-than-expected non-cash costs along with a lower effective tax
rate while U.S. NGL price and Israel gas price realizations topped expectations. We
reiterate our Buy rating on NBL and increase our price target to $130 per share.