RJ cuts target price on all oil stocks

[Gator]

INTEROIL CORP <IOC.N>: RAYMOND JAMES CUTS TARGET PRICE TO $70 FROM $75; RATING OUTPERFORM

[jft310]

Almost a double if they are right .

[TomCrooz]

Almost a double if they are right .

Not to the people who purchased it at much higher prices over the last 5 years( when targets by Rj, Wayne(( privately)),and other brokerage firms were much higher) .  Some investors are looking for those 150-300 prices that some on this board were chirping about years ago.  Hell, many would take the $125 that Phil would never have accepted 8 years ago.

[Gator]

Almost a double if they are right .

Not to the people who purchased it at much higher prices over the last 5 years( when targets by Rj, Wayne(( privately)),and other brokerage firms were much higher) .  Some investors are looking for those 150-300 prices that some on this board were chirping about years ago.  Hell, many would take the $125 that Phil would never have accepted 8 years ago.

$125?  Hell no.  JTF told me $400 and 2 shares of XOM for a part of E/A.

[Getitrt2]

InterOil from the Raymond James Global Oil and Gas Exploration and Production Research update:

"Our NAV estimate of $87.35 per share comprises a sum-of-the-parts valuation, as detailed below. We are slightly reducing our target price from $75 to $70, reflecting recent multiple compression in the space. The target price's discount to NAV reflects a conservative approach until resource certification materializes. Our positive stance on InterOil is predicated on its long-term cash flow potential and the expectation of impactful catalysts, balanced by operational, timing, and regulatory risks. There will be more business development milestones in the future, including resource certification (and thus presumably a sizable check from Total) in 2016. This does not depend on improvement in the oil price backdrop, but any such improvement would boost the sentiment for the stock as well."

[Putncalls]

I think that means it can go higher with a Total check and even higher with Total going forward with the project. I appears that US LNG is setting the floor at ~9.50$ + transportation. That is what Total has agreed to pay Cheniere Energy. Doesn't that make Papau LNG the lower cost producer?

[jft310]

[quote='jft310' pid='63414' dateline='1444137166'] Almost a double if they are right .

Not to the people who purchased it at much higher prices over the last 5 years( when targets by Rj, Wayne(( privately)),and other brokerage firms were much higher) .  Some investors are looking for those 150-300 prices that some on this board were chirping about years ago.  Hell, many would take the $125 that Phil would never have accepted 8 years ago.

$125?  Hell no.  JTF told me $400 and 2 shares of XOM for a part of E/A.

Never said that . But Phil's dream was very profitable if he could have pulled it off .

[jft310]

I think that means it can go higher with a Total check and even higher with Total going forward with the project. I appears that US LNG is setting the floor at ~9.50$ + transportation. That is what Total has agreed to pay Cheniere Energy. Doesn't that make Papau LNG the lower cost producer?

Isn't that what the IOC slides show ??

[Putncalls]

Me thinks the lower cost LNG should get built. The LNG versus coal scale seems to have tipped towards LNG with the stable HH pricing. Total has Papau LNG on their slides also.

[CAC]

Gator: $125?  Hell no.  JTF told me $400 and 2 shares of XOM for a part of E/A.

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JFT: Never said that . But Phil's dream was very profitable if he could have pulled it off .

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You never said that, JFT?  Hmmmm.  I seem to remember at least a half dozen posts by you that mentioned $400 per share...