Raymond James on JV Andrew Johns of Raymond James has an interesting view of other suitors for the JV.......if they turn out to be correct his .80 price target will be very possible and likely revised upward!!!!! I wonder what a JV with ExxonMobil would do to the SP?
"Our initial impression is that the newly
announced MOU with Sorgenia/RAG is a positive development, with the
unconventional resource potential of the Lias interval being pursued by
companies including OMV, ExxonMobil and Shell across Europe. However, we
will wait for additional details and the formalization of the JV agreement before
revisiting our valuation and forecasts."
Cheers