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Falcon Oil & Gas’s (LON:FOG) strategy of monetising unconventional hydrocarbon assets is yielding results, according to broker finnCap, which today began covering the AIM stock with a ‘buy’ recommendation. Analyst Dougie Youngson says the group’s assets in Australia, Hungary and South Africa should see substantial increases in value upon completion of farm-outs and subsequent exploration activity. The analyst’s bullish view is reflected in his 27p price target which is some 200% higher than the current price of 9.1p. A recently agreed farm-out deal for the Australian project, in the sought after Beetaloo shale basin, is a transformational endorsement of Falcon’s strategy, according to Youngson.
Research analysts at Canaccord Genuity decreased their target price on shares of Bahamas Petroleum (LON:BPC) from GBX 10 ($0.17) to GBX 9 ($0.15) in a report
Gervais Williams: Why I am sticking with Quindell, despite the criticisms
Heard on the street that Tullow have been pleasantly surprised by its seismic data in Namibia and have identified several very interesting prospects.
Petropavlovsk (LON:POG) – Has POGs turned a corner?
Independent Resources PLC, (LSE AIM: IRG) Our price target of 143p thus equates to; 66.7p CBM; 61.5p Tunisia exploration; 14.6p gas storage
Serabi Gold MINING (LON:SRB) NORTHLAND UK VIEW: The completion of the ramp up and the commencement of commercial gold production at the Palito Gold Mine, located in Brazil, is a significant achievement for Serabi Gold Mining.
CHARIOT OIL & GAS (LON:CHAR)NORTHLAND UK VIEW: Given the robust cash position of c. $25m expected at year end, the cash raise came as something of a surprise.
GKP, DNO, WZR, J.P. Morgan Asset Management’s Neil Gregson is backing a pair of oil producers in Iraqi Kurdistan as a contrarian buying opportunity.
Seeing Machines Finncap added that insurance driven sales are a path successfully pioneered by telematics suppliers in the automotive industry, reducing the cost of individual direct fleet sales. Mine buses, meanwhile, could potentially quadruple the size of the potential mining market while some the new triallists have significant rail operations. Buy with a 12p target price is the broker’s view.
AlixPartners Dennis Cassidy says the oil and gas industry is midway through the phase of foreign investment in US shale.
NTOG, Analyst: Foreign Investment in US Shale to Continue
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