Tamboran Resources initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Tamboran Resources (TBN) with a Buy rating and $32 price target Tamboran provides investors with pure-play exposure to the unconventional Beetaloo Basin onshore Australia as it has secured 387,500 net acres in “what appears to be the core of the play,” making it the largest acreage holder in this core, the analyst tells investors. Tamboran is backed by “an impressive list of U.S. fracking partners,” early results have been encouraging and 2025 looks to be a year of catalysts, the analyst added.