RE: BUK Target Price?...$2 minimum on Durango alone by end of March is what I'd say. Durango should spin off about $60 million of free cash flow once it's onstream and the well will be drilled and tested by the end of March. 3x cash flow should be a cinch.
That doesn't give any value for the $20-40/share North Piper upside option or any of the company's other prospects.