AOE - Deutsche Bank rates the stock as Hold
BY BROKER NEWS - 09/03/2010
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• AOE - ARROW ENERGY LIMITED
With the Fisherman’s Landing LNG site fully approved, the broker says Shell could leapfrog its competition and be one of the first to market with CSG LNG, with PetroChina as a foundation customer.
The $4.45 bid price is possibly just an opening bid given the company’s recent reserve growth, Deutsche adds.
Sector: Energy.
Target price is $5.20.Current Price is $5.11. Difference: $0.09 - (brackets indicate current price is over target). If AOE meets the Deutsche Bank target it will return approximately 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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