MS on FLNG deal
Why wouldn’t the price target go up with almost doubling production? What am I missing here? Is Calio’s staying overweight despite delayed FID’s due to this added benefit?
Thanks in advance.
Calio already has a price target nearly double today’s close. Raising the price target isn’t going to much good until investors see cash from sell downs and completed FID’s.
At that point, Calio will have plenty of room to raise price targets higher.
Thanks for your interpretation. Looking forward to the next conference call for more color, whenever that will be, maybe in early June…
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