Price Targets going up for the gassers

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dan_s
Posts: 37341
Joined: Fri Apr 23, 2010 8:22 am

Price Targets going up for the gassers

Post by dan_s »

From Subash Chandra at Northland Capital < A very sharp energy sector analyst.

Natural Gas: Raising L-T Price To $3.50 From $3.00;
Antero Resources (AR) PT raised to $32
Range Resources (RRC) PT raised to $30
"The rally in gas needs to be seen as structural rather than seasonal to attract longer-term investors. We believe it is. Producer discipline, limited firepower of competing fuels and exports should keep relative storage levels low. Raising our PT's on AR and RRC to $32 and $30, respectively, implying 72% and 30% upside."
Dan Steffens
Energy Prospectus Group
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