rbs coverage

Article on thebull.com.au whereby analysts select 8 stocks for 2011 (four from the top 100 and four ex-100 stocks.

Roger Leaning said the following:

2)Eastern Star Gas (ESG): Ideally placed to feed gas into NSW and LNG export markets, Eastern announced plans to evaluate the feasibility of LNG exports from the Port of Newcastle. Leaning sees Eastern?s uncontracted gas resource as a logical bolt-on acquisition for numerous companies looking for more gas, the most obvious being major shareholder, Santos. The stock is trading on a 42.6 percent discount to Leaning?s $1.24 price target.

http://thebull.com.au/articles/a/14346-24-stock-bets-for-2011-.html

Nothing new obviously but its interesting/good to have RBS gaining us exposure. It seems they are rather bullish on ESG.