oil and natural gas corporation (JPMorgan) 4QFY11 impacted by subsidies, dry well write-offs

Higher DD&A leads to earnings miss; Subsidies impact crude realizations; Higher DD&A costs in 4Q:; Gas pool revenues booked in 4Q:; Focus remains on policy moves
Date Rating Target Price Recommendation Price Broker house
30 May 2011 overweight 390 277 JPMorgan Report

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