Morgan Stanley raises price target on InterOil to $115

Yes, you read that right..

Here is the report in PDF:

Tags: IOC · Research Reports

1 Darcy Patten // Jan 11, 2010 at 11:27 pm

Soooo many good things in this report, but I don’t have time to read it in depth, stupid work priorities.

My 2 favourite items though:

Re: Upstream sell down – we are assuming a sale price of $1.63 per mcfe for 6.7Tcfe, still bellow the $1.74 per mmcfe for comparable regional
gas transactions

and

Drilling of new exploration prospect 2H2010

Many thanx STP, I wouldn’t have access to this information otherwise. Peace!
2 Roger // Jan 11, 2010 at 11:30 pm

Can we PLEASE get a second drilling rig???
3 InterOil’s sell-off part III — shareholdersunite.com // Jan 29, 2010 at 6:09 pm

[…] following InterOil has factored in a commercial oil find. Nataxis has an $98 price target and Morgan Stanley an $115 price target. Excluding any oil. You might want to revisit these […]

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