'Gassier' KrisEnergy held at 'outperform' by Credit Suisse with target price of 93 cents

Stock Name: KrisEnergy
Company Name: KRISENERGY LTD.

Research House: Credit Suisse

Price Call: BUY

Target Price: 0.93

SINGAPORE (Oct 21): Credit Suisse has maintained KrisEnergy at "outperform" with the same target price of 93 cents.

That's because KrisEnergy has a higher gas mix in its reserves or is more "gassy", according to Credit Suisse in an Oct 20 report.

This makes the stock more resilient to a drop in oil prices.

In the present falling oil price environment, Kris' one-month price performance remained unchanged compared to more "oily" peers which have fallen about 30%, says the research house.

Credit Suisse has already revised crude price forecast.