Katandra don't get to excited most oil stocks have target prices...

Katandra don't get to excited most oil stocks have target prices 50-100% above current price. BPT for exnaple has target prices as high as 129 while it trades at 66

Cooper real issue is it is running out of real oil - CB oil. Its reserves in this spoace have fallen, they have added indonesion oil into the charts to make the P2 reserves look ok but this oil doesnt have the same profitability of and when it flows.

They are expanding their permits , like the last one, in areas that require more seimsic, more dollars to drill expensive offshore wells, which is also a worry

Menzel Horr has alot riding on it as the other assets seem to me to be of questiobale quality. They could find some all though mid next year when the CB drilling kicks off

I think current price is very fair, not cheap, not epxensive