Brokerage houses have initiated coverage of the OBX share. The upside will be closer to 200 percent.

http://www.hegnar.no/analyser/article528375.ece

According to dn.no, analyst Magnus Smistad of Fondsfinans started coverage of the stock with a target price of NOK 25. The stock is currently trading at NOK 8.73, which means that the potential upside is 186 percent.

Smistad points out that Questerre offers investors exposure to the Utica shale gas in Quebec. The resource potential in the area is large, giving great upside.

- Questerre offers investors exposure to the shale gas sector with the upcoming Utica shale play in Quebec. The resource potential is huge and we think there's a big upside in terms of today's share price regardless of whether one considers the value based on recent transactions in North American shale gas fields or looking for full-scale development, writes Smistad in the analysis.

Fondsfinansbelieves the licenses in the Utica area could be valued at as much as NOK 37 per share.