Hartleys Research has initiated coverage on CUE Energy Resources with a ‘speculative buy’ and a 12-month price target of 14¢ a share on the oil and gas developer.
Hartleys Research has initiated coverage on CUE Energy Resources with a ‘speculative buy’ and a 12-month price target of 14¢ a share on the oil and gas developer.
“We think 2014-15 will be a transformational year for CUE, as management attempt to reverse a declining production profile. We expect CUE to offload marginal assets and deploy capital towards existing production assets and new exploration opportunities (onshore focus)," Hartleys said.
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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.
