RE: Next News15 Mar 2018 08:40
I think we will see an upgrade from brokers this year for PMG because of its North Sea potential. Below is an exert on Cairn Energy from brokers
"While Cairn's shares sold off materially post the earnings presentation, our thesis remains unchanged. We believe that management delivered a consistent message, particularly on Senegal, once again demonstrating the strong fundamentals of the project," it said.
It said that three major "blocks" primarily define Cairn: the development resource opportunity in Senegal, including the SNE project, two key startups currently ramping up in the UK - Kraken and Catcher - and the 5% stake in Vedanta."