RE: Raymond James raises to outperform Jeff Saut from Raymond James is an idiot. The target is too low. This will over shoot that target and run to eight dollars. While a move to 5.50 is a nice bounce up it takes us to the price where we were before our CEO stepped down and the price when we had production stop on a key play. Both metrics are resolved now and the stock was unduly punished for those events. The RJ price is designed so that you sell maybe at 5 to 5.25 figuring you sold out " fully valued". It will do a doopsee doo then , maybe drop to 4.75 then shoot to 8 in less than 2months later.
VPO was an energy trader for many years for BMO and I know how the game is played. I have met Saut many times , I just call him S**T, you can fill out the letters , because hes full of S%%T.