Buru Energy Limited

( ASX:BRU ) - Energy


Analyst Views

BRU – Macquarie rates the stock as Outperform

Macquarie thinks the reaction to the drilling update at Ungani-3, which pointed to a larger but poorer quality reservoir, was a little harsh, as there is no great implications for the core development. Still, Buru will need to have success in exploration or further news on the gas appraisal to rally from here, in the broker’s opinion.

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