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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 (184659)	6/27/2014 7:03:03 AM
From: Dennis Roth	2 Recommendations Recommended By evestor LoneClone Read Replies (1) \| Respond to of 206114

Caltex Australia (CTX.AX), Dragon Oil (DGO.L), Santos Ltd (STO.AX), Schlumberger (SLB), Tullow Oil (TLW.L), US EIA Petroleum Statistics Caltex Australia (CTX.AX) CTX 1H14 Profit Guidance Disappoints, Maintain Sell 26 June 2014 ¦ 13 pages ir.citi.com Dragon Oil (DGO.L) 2014 Guidance Trimmed, 2015 Target Maintained 26 June 2014 ¦ 7 pages ir.citi.com Santos Ltd (STO.AX) GLNG Trip Notes, It’s Hard to be a Bear 26 June 2014 ¦ 15 pages ir.citi.com On track (late 2Q15), on budget, 80% complete. 1st gas now expected in 4Q14 (small delay from mid-CY14 due to labor productivity). 6-9month commissioning indicates first LNG sales end-2Q15. Schlumberger (SLB) Open, Honest, Confident, and Impressive 27 June 2014 sendspace.com Impressed. Schlumberger held a very impressive analyst meeting in NYC, following the trend of a 3-year update and outlook meeting by the large cap service industry. The humility of the presentation, with transformative efforts across the board, by a company considered to be the best in the industry on many metrics, including management, implies a very different and open approach by the company. We are increasing our target price to $137 from $120 and increasing our EPS estimates. Tullow Oil (TLW.L) CMD highlights long-term potential from E&P portfolio 26 June 2014 ¦ 8 pages ir.citi.com While Tullow’s Capital Market’s Day did not offer any new targets, Tullow did provide greater visibility on the long-term potential from its key production/ development assets in Ghana (Jubilee and TEN) and East Africa (Uganda/Kenya) and its wider E&A portfolio. However, with the shares trading at a c.15% premium to our valuation of its core NAV + Kenya discoveries of 733p/share, we believe the current valuation already discounts some value for both development upside from its core developments and further exploration success. US EIA Petroleum Statistics — Crude and product stocks rise on ample supply, tepid demand; US approves minimally processed condensate exports June 2014 ¦ 27 pages ir.citi.com