Price target of SFY and others was raised by Robert Christensen Jr.(oil and ng specialist for Institutional Equity Research and author of "Pay Zones". He increased average ng prices for 2000 and 2001 to $2.75 and $2.50 from $2.50 and $2.25. Also increased average oil for 2000 & 2001 to $25 from $19 and $17.50. Increased target for SFY to $24 from previous $19 by mid 2001. He sees 100% uptick in all gas e&p company stocks in next 12 to 18 months.
I have become an O&G fan after buying some SFY in Feb.As a NZer the obvious attraction the Taranaki /Rimu play. On the strength of my paper profits i bought Bligh(BLO-aSX) for more Taranaki exposure and more recently TRIL and PYR for some real excitment. I wanted to make 2 points- (1)I enjoy the opportunity to access information via this and other boards,although it may not have done me any good in the ELH drama: (2)I originally bought SFY as a bit of a spec but the more I learn about SFY the more commited I have become to being an SFY LONG.