i have every confidence in amerisur and their management and directors. people are begining to realise the potential of this company. I would say the true market value of this share is 64p-70p; and with all the potential good news, it could be soon seeing 85-95p price tag!
Mine are not anyway. I expect Amerisur to be top of a few tipsters lists over the New Year. They will have sorted P9 out and maybe have an update on P5. They are unlikely to give us anything pre-New Year, imo, for tax reasons over there. Rest assured they have going on 7.5 bpd already and likely more when P5 comes in plus another three to go before end Feb! Not many other shares have the same potential.
Two star stockpicking managers reveal to FE Trustnet the companies they are expecting big things from next year.
By Alex Paget, Reporter, FE Trustnet Thursday December 20, 2012
UK companies in a number of different sectors will boom next year, according to FE Alpha Managers Giles Hargreave and Mark Slater.
The market turbulence of the last two years or so has meant that it has been sectors rather than bottom-up fundamentals that have driven performance.
However, with the outlook for markets now far more positive, small and mid cap specialists Hargreave and Slater believe stockpickers will be better rewarded this year.
Here are four of their choices for next year, plus one from Dominion’s Alessandro Hor.
"Amerisur is one I am particularly keen on," said Hargreave (pictured right), who heads up the five crown-rated Marlborough Special Situations fund. ALT_TAG
"It is an oil-exploration and production company that is based mainly in Colombia."
"It might be a bit of a surprise choice for some but it is producing cash, has a strong balance sheet and it pays for its own exploration."
"The numbers look very good; because the Colombian government has a very sympathetic fiscal regime, they net $75 a barrel."
"They are currently producing 5,000 barrels a day and that should move up to around 10,000 next year. So if you times 10,000 by 365, then times that by 75, you can see their cash flow will be huge."
"Amerisur has also just got the licence for a new oil field, which is twice the size of their current one. To be honest, it is a stunning business."
The stock is a top-10 holding for Marlborough Special Sits, with a 1.1 per cent weighting. FE Alpha Manager Philip Rodrigs also holds Amerisur in the top-10 of his Investec UK Smaller Companies portfolio.
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