Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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solyomtwo

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Falcon's partner MOL keeps on going

posted on Jan 28, 2010 11:43PM

ANALYST VIEW - ING upgrades Hungary's MOL to 'Buy', yanks target price to HUF 21,500

January 28, 2010, 8:52 am

ING has upgraded Hungarian fuels group MOL to 'Buy’ from 'Sell’ on better prospects and lower discount rates, and sharply raised its target price for the oil stock to HUF 21,500 from HUF 12,000 previously. MOL’s new agreement with the Croatian government, crude oil price and forex rate stability should help MOL to achieve better results in 2010, ING believes.