Pinetree.DJ MARKET TALK: UBS Cuts AED Oil Target To A$6.35,...

Pinetree.



DJ MARKET TALK: UBS Cuts AED Oil Target To A$6.35, Keeps Buy

2156 GMT [Dow Jones] STOCK CALL: UBS cuts AED Oil (AED.AU) target to A$6.35 from
A$9.82, says Puffin-10 unlikely to be made into a producer, AED now considering a
fallback position to reenter Puffin-9. Keeps Buy rating on stock but stresses speculative
nature of shares given AED's considerable operational risk. "We also see
potential for a Puffin SW resource downgrade. After the recent poor performance of Puffin
Main and the continual production downgrades, we think the market has become suspicious
of AED's future production goals," analyst says. AED last A$4.48. (LMF)

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(END) Dow Jones Newswires
November 28, 2007 16:56 ET (21:56 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.

Thursday 29 November 2007 08:56:45:660 AEST


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Now you know what i know (mostly) anyway... there is discussions of further downgrades yet to come... SP could be heading to 2006 levels. That makes it under $1, GL!