Apart from today's gas deal with TXU, I hear Fat Prophets believe forecast production increases over the next few years will create very strong cash flow (they estimate in excess of $100m in 2006) providing the potential for a major market re-rating. Another two or three broking houses, including Aegis, have "strong buys" on the stock. I noticed Aegis had a 12 month target of $1.48 a few days ago.
Apart from today's gas deal with TXU, I hear Fat Prophets...
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