GREY:LSTMF - Post by User
Comment by
ltrabson Mar 18, 2011 7:54pm
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Post# 18308838
RE: UBS reiterates BUY rating today
RE: UBS reiterates BUY rating today
I find it hard to believe and/or understand what the analysts are up to.
A bunch of downgrades and yet prospects look great ... IMO
For instance, RBC capital markets.
The other Bakken play .. they upgraded the price to $48 based on 2011
CFPS .. cash flow of $4.78/share, and price .. P/CFPS of 10.6x ...
Petrobakken .. they downgraded the price to $24 based on 2011
CFPS .. cash flow of $3.55/share, and price .. P/CFPS of 5.1x...
They believe the other Bakken play's guidance and even added to it ...
They don't believePetrobakken guidance by a substantial amount.
PBN management credibility must be very bad .