RBC Capital Markets has an “outperform" on Sino Gas and Energy (SEH) with a price target of 30¢ a share.
“Sino Gas is a leveraged play on the China gas growth story, having commenced a development phase targeting 100mmcfd (gross) by 2017. The investment story is supported by high gas prices not linked to oil volatility and a supportive government policy of gas expansion.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
