Post by
Al42 on Nov 24, 2011 6:17am
RBC Target Revision
PRICE TARGET REVISION | COMMENTNOVEMBER 24, 2011NAL Energy Corporation (TSX: NAE)Maximum Sustainable YieldSector PerformAverage RiskPrice: 7.88Shares O/S (MM): 150.0Dividend: 0.84Price Target: 10.00 ¯ 11.50Implied All-In Return: 38%Market Cap (MM): 1,182Yield: 10.7%Avg. Daily Volume (MM): 0.40Priced as of close Nov 22, 2011, except for datablock, priced as of close Nov 23, 2011.EventWe assume coverage of NAL Energy Corp. (TSX: NAE) with a SectorPerform, Average Risk rating and a 12-month price target of $10.00/sharebased on a 1.4x multiple of our Base NAV calculation, which is below thepeer group average of 1.6x.Summary &