Along with Euroz target of $1.32, an Australia article today (25 Feb) says Fosters Stockbroking favours SEA with a price up to $1.60. Fosters lists three other recommended oilers in the US/Cdn oil shale plays: RFE, AZZ, and Maco. A poster on RFE has the entire article, but here is the relevant bit for SEA holders:
"Foster has four trading buys in the sector. It recommends Sundance Energy Australia (SEA) at up to $1.60 (against Friday's close at $1.055). The broker says SEA has been in the US unconventional space for five years and the merger with Texon Petroleum (TXN), expected to be completed next month, gives it ground in the Eagle Ford shale of Texas, adding to acreage in the Mississippian, Bakken and Niobrara shales."
Euroz and Fosters apparently aren't covered by Reuters/Thomson consensus, which lists 4 analysts having an average target prices of $1.12 in a narrow range. http://au.finance.yahoo.com/q/ao?s=SEA.AX http://www.4-traders.com/SUNDANCE-ENERGY-AUSTRALIA-9938279/consensus/
SEA Price at posting:
$1.06 Sentiment: None Disclosure: Held
