Deutsche Bank maintains a 'Buy' rating for Cobalt International Energy despite recent challenges, including a dry hole at the Aegean prospect in the US Gulf of Mexico. The report discusses valuation concerns, potential paths to monetization, and future exploration targets. The price target is reduced from $32 to $25 due to increased risks.
documents/vol00010-efta01466018-pdf.pdf
{"title":"Deutsche Bank Markets Research - Cobalt International Energy","key_people":["Ryan Todd","Stephen Richardson","Josh Silverstein"],"document_date":"2013-12-19","document_type":"financial","key_locations":["United States","Gulf of Mexico","Angola"],"document_subtype":"Research Report","key_organizations":["Deutsche Bank","Cobalt International Energy","Total","CVX","BHP","ENI"],"reference_numbers":["EFTA01466018","EFTA01466019","EFTA01466020"]}