Die Einschätzung setzt ein ca. Kursziel von 1.35 Euro über 12 Monate. Wenn die Borhergebnisse passen, dann könnte noch mehr Luft sein!
Dutton Associates Announces Investment Opinion: Index Oil and Gas Rating Speculative Buy in Initiating Coverage by Dutton Associates
17:11 09.04.07
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates initiates coverage of Index Oil and Gas (OTCBB:IXOG)
with a Speculative Buy rating and a $1.80 price target. The 28-page
report by Dutton senior analyst Richard Wolfe, CFA is available at
www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and
other leading financial portals.
Index Oil and Gas is a recently established oil and gas exploration and
production company with producing properties in Texas, Louisiana, and
Kansas. Index has branched out from an initial, successful purchase of
low-risk exploration projects in Kansas to a portfolio of
higher-potential Gulf Coast properties and is in the process of
investigating the purchase of acreage plays along the lines of recent
industry activity in unconventional crude oil and natural gas
exploitation. Dutton Associates estimates indicate substantially higher
oil and gas revenues during the Company’s
fiscal year ending March 31, 2008, followed by substantial growth of
discretionary cash flow in subsequent years. The Company has a
successful drilling track record and is guided by a carefully crafted
operational strategy with a sophisticated risk-management system. Its
management team and board of directors has operated at the top levels of
the exploration operations of major international oil companies and can
lay claim to a record of success in getting new-business startups off
the ground. Our rating is based on our confidence in the Company’s
business plan and in the very experienced and highly accomplished
management team, coupled with our expectation of strong cash-flow growth
and our industry outlook calling for favorable crude-oil and natural-gas
product markets. We have set a 12-month price target of $1.80 per share.
About Dutton Associates
Dutton Associates is one of the largest independent investment research
firms in the U.S. Its 31 senior analysts are primarily CFAs, and have
expertise in many industries. Dutton Associates provides continuing
analyst coverage of over 145 enrolled companies, and its research,
estimates, and ratings are carried in all the major databases serving
institutions and online investors.
The cost of enrollment in our one-year continuing research program is US
$35,000 prepaid for 4 Research Reports, typically published quarterly,
and requisite Research Notes. Dutton Associates received $35,000 from
the Company for 4 Research Reports with coverage commencing on
4/09/2007. We do not accept payment of our fees in company stock. Our
principals and analysts are prohibited from owning or trading in
securities of covered companies. The views expressed in this research
report accurately reflect the analyst's personal views about the subject
securities or issuer. Neither the analyst's compensation nor the
compensation received by us is in any way related to the specific
ratings or views contained in this research report or note. Please read
full disclosures and analyst background at
www.jmdutton.com before investing.
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