Deutsche Bank's research report on Cobalt International Energy (CIE) discusses the company's unexpected report of a dry hole at the US GoM prospect, Aegean, and its impact on stock valuation. The report maintains a 'Buy' rating despite near-term struggles and discusses potential paths for clarity on discovered resources and monetization. The price target is reduced from $32 to $25 due to risk factors.
doj/DataSet10/EFTA01450733.pdf
{"title":"Deutsche Bank Markets Research - Cobalt International Energy Alert","key_people":["Ryan Todd","Stephen Richardson","Josh Silverstein"],"document_date":"2013-12-19","document_type":"correspondence","key_locations":["United States","Angola","US GoM"],"document_subtype":"research report","key_organizations":["Deutsche Bank","Cobalt International Energy"],"reference_numbers":["DB-SDNY-0106559","SDNY_GM_00252743","EFTA01450733"]}