Credit Suisse 22/12/2009 3 Downgrade to Neutral from Outperform $15.40 11.5%
In line with guidance from the company the broker has adjusted its production and earnings estimates lower, reflecting a planned shut-down in production and significantly higher capex forecasts.
The changes to its numbers mean a reduction in price target to $15.40 from $17.75 and support the broker's downgrade to a Neutral rating, while it makes the point share price performance will remain dependent on delivering the net phase of its LNG growth plans.
Credit Suisse 22/12/2009 3 Downgrade to Neutral from Outperform...
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