Ophir, Soco Cut to Market Perform at BMO; Africa Oil, Tullow Top
2014-09-23 12:04:06.957 GMT
By Benjamin Dow
Sept. 23 (Bloomberg) -- Africa Oil, Tullow (both
outperform) top picks on exposure to multiple basins, have had
recent share price weakness, BMO says in E&P sector note.
* Genel lowered to outperform (speculative) vs outperform; PT
1,200p kept
* Ophir cut to market perform, PT cut 14% to 300p; Soco also
cut to market perform, PT cut 11% to 410p
* Afren (market perform) PT cut 12.5% to 140p; Oryx
(speculative outperform) PT cut 14% to C$18; Tullow PT cut
6.5% to 1,000p
* BG (outperform) PT raised 5% to 1,050p; Premier (market
perform) PT raised 6.7% to 320p;
* Says prefers BG vs Statoil on line of sight to first LNG
from Queensland Curtis, increasing cash flow, capex
decrease in 2015
Link to Company News:TLW LN <Equity> CN <GO>
Link to Company News:GENL LN <Equity> CN <GO>
Link to Company News:AFR LN <Equity> CN <GO>
Link to Company News:OXC CN <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
James Ludden
2014-09-23 12:04:06.957 GMT
By Benjamin Dow
Sept. 23 (Bloomberg) -- Africa Oil, Tullow (both
outperform) top picks on exposure to multiple basins, have had
recent share price weakness, BMO says in E&P sector note.
* Genel lowered to outperform (speculative) vs outperform; PT
1,200p kept
* Ophir cut to market perform, PT cut 14% to 300p; Soco also
cut to market perform, PT cut 11% to 410p
* Afren (market perform) PT cut 12.5% to 140p; Oryx
(speculative outperform) PT cut 14% to C$18; Tullow PT cut
6.5% to 1,000p
* BG (outperform) PT raised 5% to 1,050p; Premier (market
perform) PT raised 6.7% to 320p;
* Says prefers BG vs Statoil on line of sight to first LNG
from Queensland Curtis, increasing cash flow, capex
decrease in 2015
Link to Company News:TLW LN <Equity> CN <GO>
Link to Company News:GENL LN <Equity> CN <GO>
Link to Company News:AFR LN <Equity> CN <GO>
Link to Company News:OXC CN <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
James Ludden