GREY:LSTMF - Post by User
Post by
lotusprinceon Aug 09, 2013 11:07pm
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Post# 21660990
Most analyst have lower price targets with buy
Most analyst have lower price targets with buyIn my opinion run down in SP is related to drop in outlook projected in Q3 and Q4 during Q2 outlook. While analyst have mostly buy/hold rating the price target are lowered. Debt growth certainly weighs in and good offset should be balanced growth in oil production over next 2 years. I believe the company will be breakeven and profitable by end of 2014 so could see turnaround by end of 2013. Since Q3 oil prices have so far being north of $100 there may be surprise additional positive per barrel of $6 which will be helpful. While everyone do your own DD I will buy in for oil in ground and good profitable turnaround expected in 2014 all this wait time still has 12% dividend.