Mitra Energy Inc (MTE) Price Target Raised to C$1.10
Mitra Energy Inc (CVE:MTE) had its target price lifted by TD Securities from C$0.95 to C$1.10 in a research note published on Thursday morning. TD Securities currently has a speculative buy rating on the stock.
Mitra Energy Company Profile
Mitra Energy Inc, formerly Petra Petroleum Inc, is an oil and gas company. It is engaged in exploration, appraisal and pre-development activities in South East Asia (the Philippines, Vietnam and Indonesia), with over 10 exploration and pre-development assets. Its portfolio comprises approximately 12.8 million acres of acreage and consists of over two service contracts (SCs) in the Philippines (SC-56 and SC-57), approximately five production sharing contracts (PSCs) in Vietnam (Block 51, Block 46-07 and Block 45, Block 127 and Block MVHN/12KS) and over three PSCs in Indonesia (Bone, Sibaru and Titan blocks).
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