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+--- Thread: Credit Suisse this AM (/showthread.php?tid=8996)
Credit Suisse this AM - jft310 - 08-18-2015
Reiterated their outperform on IOC shares .
RE: Credit Suisse this AM - Putncalls - 08-18-2015
Quote.
TP down to $62.20 (from $68) on exploration weighting adjustments but you
don't have to believe in exploration to believe in IOC. The E&P space is a
pretty tough patch at the moment. Whilst InterOil clearly doesn’t come
without its risks, but, particularly following some positive data on resource
scale, it is hard not to remain excited about the investment case. De-risk
Elk/Antelope further and this is a stock that can double, even if oil does stay
around $50-60/bbl. Not many in our coverage you can say that about.
Immaterial earnings changes reflect 1H15 actuals and small flow on effects.