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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (182594)	2/13/2014 10:33:31 AM
From: Dennis Roth	2 Recommendations Recommended By evestor LoneClone Read Replies (2) \| Respond to of 206182

AOI.V, BWP, GTE.TO, OAS, PXD, PXT.TO Australian Energy Sector, Kazakhstan E&P Africa Oil Corp (AOI.V) Etuko Confirmed; Additional Upside Possible 12 February 2014 sendspace.com Boardwalk Pipeline Partners LP (BWP) Upgrade Following Tough Love from General Partner 11 February 2014 ¦ 20 pages ir.citi.com We are upgrading BWP from Neutral to Buy based on yesterday’s extraordinary 46% sell off that occurred in the wake of the partnership’s announcement to reduce the distribution by ~80%. Clearly the size of the distribution cut took investors off guard considering over 43 mil units traded yesterday, which represents more than 36% of the public float. This is an extraordinary move on extraordinary volume bearing in mind our 2014 DCF est of $419 mil was only 4.5% above mgmt’s guidance of $400 mil. John K Tysseland Gran Tierra (GTE.TO) Positive reserves report keeps GTE on the growth path – Reiterate Buy (H), raising target price to C$11.00/share 11 February 2014 ¦ 10 pages ir.citi.com Oasis Petroleum Inc (OAS) Capital Efficiency Hitting ’14 Speed Bumps, L-T Growth Remains In Full Throttle; Initiate At Neutral With A $46 Target Price 11 February 2014 ¦ 28 pages ir.citi.com We are initiating coverage of Oasis Petroleum with a Neutral rating and $46 target price. Absent a rebound in domestic crude price sentiment we find Oasis trading near fair value and fail to identify a near-term catalyst that will cause the stock to meaningfully outperform. Longer-term prospects remain strong as drilling visibility is above average and 2014-16 debt-adjusted cashflow growth ranks near the top of the 2nd quartile amongst our coverage universe. John Nelson \| Robert S Morris Pioneer Natural Resources Co. (PXD) Solid Q4’13; Focus Now Turns To Permian Development & Growth 11 February 2014 ¦ 16 pages ir.citi.com Parex Resources Inc. (PXT.TO) Positive Surprise on Reserves; Increase TP 13 February 2014 sendspace.com ====== Australian Energy Sector — Earnings Preview 12 February 2014 ¦ 51 pages ir.citi.com Results preview. For WPL, we f/cast Core NPAT of US$2038m. We will look for an update on growth vs dividends at result. STO; we f/cast Core NPAT of A$563m, 5% above consensus given movt in stock gain. We are confident in the delivery of growth, but see downside to CY14 consensus EPS, from lower Cooper gas sales.OSH; focus will be on outlook for LNG expansion and potential for dividends returns.CTX; despite headwinds for refining, focus will remain on the outlook for Marketing vol/margins . Dale Koenders \| Mark Greenwood \| Vishesh Pachnanda Kazakhstan E&P 20% Currency Devaluation - Supportive for Oils, But Benefits May Be Somewhat Muted 11 February 2014 ¦ 8 pages ir.citi.com The National Bank of Kazakhstan effectively devalued Tenge by 20% this morning. While the devaluation is generally supportive for exporters, the impact on Kazakh oils is likely to be muted by the KZT-denominated domestic oil price, regulated by the government, and USD-denominated taxes (export duties, rent taxes and MET). Alexander Bespalov, CFA \| Ronald Paul Smith