GREY:TBTEF - Post by User
Post by
artcoon Jun 02, 2011 2:45pm
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Post# 18663397
I found this on onr
I found this on onr
Q1 FINANCIALS; INCREASING TARGET TO
C$7.50; ADDED TO CG CANADIAN FOCUSLIST
Investment recommendation
We have maintained our BUY rating and increased our target to C$7.50
(from C$5.50) following a more detailed forecast of its Poseidon
Concepts frac fluid handling business. Our target price is based on a
1.0x multiple to NAV. We are adding Open Range into the Canaccord
Genuity Canadian Focus List (replaces Twin Butte Energy (TBE : TSX :C$2.64 | BUY); Open Range is our Junior E&P top pick recommendation