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Broker tips: Standard Life, Serco, Oil stocks

Fri, 20th Feb 2015 11:54

Panmure Gordon has reiterated its 'buy' recommendation for Standard Life after the insurer beat forecasts with its 2014 results on Friday, saying it expects the shares to rally."These results were ahead of expectations and we anticipate that the strong underlying performance that suggests that there is real momentum within the business should see the shares rally in the short to medium term."The share price of Serco was given a boost on Friday after analysts at Credit Suisse lifted their recommendation for the outsourcing group from 'underperform' to 'neutral'.The bank, which hiked its target price for the shares from 142p to 208p, said that upgrade "reflect[s] strong reported progress in the disposal process for non-core private sector business process outsourcing assets". This should lead to a drop in the assumed dilution from a proposed rights issue.Despite the recent rally in oil prices uncertainties still remain for the sector, according to Westhouse Securities which picked out Faroe Petroleum, Genel Energy and Ithaca Energy as its key recommendations in the face of ongoing volatility.Analyst Jamal Orzabayeva recommended investors build positions now and have a "realistic" investment horizon at least for the next 12-18 months. Investors should also "cherry-pick" stocks that are protected by hedging or those with a low cost base or healthy balance sheet. He also suggested that investors should choose stocks that can deliver upside on the current futures curve and have near-term operational catalysts coming up.
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28 May 2015 09:09

Ithaca Accused Of Misrepresenting Information About Petrofac Work

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28 May 2015 08:24

UPDATE 1-Ithaca Energy shares slide after disclosing North Sea dispute

(Adds share move, claim details) May 28 (Reuters) - London-listed shares in oil and gas company Ithaca Energy fell by as much as 18 percent after the Calgary-based firm said it had received a legal claim regarding its Greater Stella Area oil field in the North Sea. The company, which

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28 May 2015 06:57

Ithaca Energy receives statement of claim regarding North Sea asset

May 28 (Reuters) - Oil and gas company Ithaca Energy said it received a statement of claim from a law firm regarding work at its Greater Stella Area asset in the North Sea. The company, which denied any wrongdoing, said the claim related to a purported misrepresentation of information reg

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14 May 2015 10:31

Ithaca Energy Says Well Positioned To Manage Oil Price Uncertainty

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29 Apr 2015 10:55

Ithaca Energy extends bank financing facilities, removes covenants

Ithaca Energy has extended and simplified its bank debt financing facilities totaling $650m. This has provided Ithaca with funding headroom ahead of first hydrocarbons from the Greater Stella Area in the second quarter of 2016. The $650m in facilities consists of a senior reserve based lending facil

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29 Apr 2015 10:01

Ithaca Energy Secures New Financing Facilities Worth USD650 Million

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24 Apr 2015 08:17

Ithaca Energy To Sell Norwegian Subsidiary To MOL For USD60 Million

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13 Apr 2015 07:34

Ithaca Energy Says Flow Test On Fifth Stella Well Successful

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31 Mar 2015 12:38

LONDON MIDDAY BRIEFING: Kingfisher Rises Again On CEO Revamp Plans

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31 Mar 2015 10:48

WINNERS & LOSERS: Kingfisher Rises On Restructuring Initiatives

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31 Mar 2015 09:51

Ithaca Energy Swings To Loss, But 2015 Production Up So Far

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31 Mar 2015 08:44

BUZZ-Ithaca Energy: increases hedging to mitigate oil weakness

** The London and Toronto-listed Ithaca Energy jumps as much as 14 pct ** North Sea-focused oil and gas operator said it has increased its oil hedging protection since the start of the year in order to mitigate against the impact of further Brent price weakness ** Ithaca Energy says

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18 Mar 2015 17:24

3rd UPDATE: Chancellor Offers GBP1.3 Billion To Support UK North Sea

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25 Feb 2015 16:53

MARKET COMMENT: London Retraces From Record Highs As Stocks Take Focus

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25 Feb 2015 12:56

UK MIDDAY BRIEFING: Tesco-isation Of Morrisons Management Complete

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