Macquarie have a share price target of around $1.00
So there are some analysts out there that think it's overvalued
They suggest that the profile of the company has been skewed away from it's high exposure to oil to one that has more exposure to gas (in addition to its original oil base) The analysts were not bullish on the gas side and suggested that some of the contracts linked to the gas assets recently acquired were below market.
So although the gas assets in the longer term should be positive the immediate contracts are negative for the share price
If it does somehow get anywhere near 1.40-1.50 in the near term I'll be getting out.
House reno to pay for.
Macquarie have a share price target of around $1.00 So there are...
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