For people getting exciting about the various price targets...

For people getting exciting about the various price targets being quoted in reports and in newspapers lately, have a look at the following reports, taken from the CTP website here http://www.centralpetroleum.com.au/downloads.php?page=0

All these price targets are pre-consolidation, so multiply by 5 to see what they translate to in today’s post consolidation terms. I’ve summarised them and provided direct links. You can then make up your own mind on the track record of these sorts of price targets.

27/3/2012 – Patersons – $0.09 with a target of $0.20 http://www.centralpetroleum.com.au/files/downloads/patersons_research_report_28_mar_2012.pdf

16/06/2012 – DJ Carmichaels speculative buy with a 12 month target of $0.33
http://www.centralpetroleum.com.au/files/downloads/d_j_carmichael_ctp_150612.pdf

18/06/2012 – Patersons - $0.09 with a 12 month target of $0.20 to $0.35
http://www.centralpetroleum.com.au/files/downloads/patersons_securities_research_report_ctp_180612.pdf

03/08/2012 – DJ Carmichaels Specualtive buy 12 month target $0.31
http://www.centralpetroleum.com.au/files/downloads/dj_carmichael_research_report_ctp_030812.pdf

02/10/2012 – DJ Carmichaels Speculative buy 12 month target $0.40 http://www.centralpetroleum.com.au/files/downloads/dj_carmichael_ctp_021012.pdf

02/20/2012 – Patersons Speculative buy 12 month target $0.38 http://www.centralpetroleum.com.au/files/downloads/psl_research_note_ctp_021012.pdf

06/11/2012 – DJ Carmichael Speculative buy 12 month target $0.43 http://www.centralpetroleum.com.au/files/downloads/dj_carmichael_research_report_ctp_061112.pdf

22/02/2013 – DJ Camichael Speculative buy 12 month target $0.39
http://www.centralpetroleum.com.au/files/downloads/dj_carmichael_ctp_research_-_22_feb_2013.pdf