Goldman Sachs keep a conviction buy rating on Eni (ENI.MI) stock with
EUR24 target after attending a seminar hosted by Eni. "Eni highlighted the
positive results of one of the most successful exploration campaigns in the
industry and the value of a strong pipeline of project start-ups in
2013-15," GS says.
"Eni has compiled one of the best E&P growth
portfolios and we are encouraged to learn that everything is on track, with no
further delays and a material exploration portfolio for 2013-14 in partially
de-risked world class basins." Stock is 0.5% lower at EUR17.38.