Monday, November 8, 2010

Noble Grp

Noble Grp: +3.9% at $2.11 midday, enjoying robust gains in good volume ahead of 3Q results tomorrow as global rally in commodity prices amid weak USD, flush liquidity buoys shares. Gains also come after co. announces deal to be exclusive marketing agent for Indonesia''s Berau Coal production exported to international destinations ex-Japan, Malaysia….

DBSV tips deal to potentially almost double grp’s coal trading volume from Indonesia. Pending 3Q results, DBSV reviewing forecasts to take additional volume into account.

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