OTCPK:EDEYF - Post by User
Post by
Horn1369on May 09, 2014 10:49am
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Post# 22543590
Over in London UK they give it 0.38 or 19P target price
Over in London UK they give it 0.38 or 19P target price"
SP Angel liked the six new locations for drilling revealed today by Canadian oil group () and upgraded its price target by 18%.
The broker repeated a ‘buy’ recommendation following today’s update and lifted its target to 19p per share.
“While reserve increases are positive for sentiment, it is meaningless unless accompanied by an expectation that they’ll be produced,” said SP Angel analyst Zac Phillips.
“As a consequence, the company’s disclosure that it has added 6 wells to its ideal drilling programme is positive.”"
From: https://www.proactiveinvestors.co.uk/columns/broker-spotlight/16134/broker-spotlight-barclays-supergroup-randgold-anglo-american-edge-resources-16134.html
https://www.spangel.co.uk/