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Message: Orion Securities see significant upside in Questerre

Orion Securities see significant upside in Questerre

posted on Jan 29, 2010 05:06AM

Translated from the following Norwegian link

http://www.na24.no/imarkedet/article2816337.ece

Analysts from Orion Securities are convinced by the company's shale gas discoveries in Canada and see a clear upside in the share price of oil and gas company Questerre.

The brokerage firm has issued a recent analysis in which they come with a buy recommendation on the stock. Course target is set at NOK 30 (CAD 5.41) per share, which represents an increase of almost 75 percent.

It is primarily the company's interests in shale gas discoveries in the St. Lawrence Lowlands of Canada where analyst Inner Slikiene sees potential in the stock.

The target price range is during the next six months.

(A lower estimate than that of Pareto but encouraging non-the-less)

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