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TAG Oil Ltd: Buy Recommendation & Growth Insights by tinakristerly is a document available to read on EtoBox.

What is TAG Oil Ltd: Buy Recommendation & Growth Insights about?

TAG Oil Ltd. is expected to demonstrate substantial production growth from its Cheal and Sidewinder discoveries in New Zealand. Production is forecasted to increase from the current 1,000 boe/d to 6,500 boe/d by the end of 2011 through additions from existing wells. The company is also exploring additional upside from shale oil potential. The report recommends a "Buy" rating and $10 target price, seeing the company as undervalued based on conventional assets alone and the shale play as optional upside.

Author

tinakristerly

Language

EN