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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: kollmhn who wrote (5160)6/7/2001 12:37:20 PM
From: Ken Robbins  Respond to of 23153
 
Triton Energy (OIL) up strongly today. The company was upgraded by JPM:

8:35AM Triton Energy (OIL) 29.74: JP Morgan upgrades to BUY from Mkt Perform and raises price target to 35 from 31; cites significant exploration upside in drilling program; notes OIL's "great discovery" on Monday and today's announcement they have lined up rig to drill exploration well near previously announced discovery; results due in 30 days and JPM sees strong probability for success; NAV est raised from $31.70 to $35.

Does anyone know if this is a confirmation well for the recent discovery, or a new prospect?