Cannacord Genuity have increased their target price on Pantheon from 30p to 34p1 Apr 2026 15:31
Cannacord Genuity have increased their target price on Pantheon from 30p to 34p, based upon $65 oil price.
They have an unranked valuation of 167p/share, based upon a success case.
Canaccord note 4 key positive themes:
1. Onshore USA, low sovereign risk, geopolitics ...
2. A changed landscape following recent federal govt support for Alaska. “Drill baby drill…"
3. Advantageous location near to infrastructure
4. Huge resource position (independently certified) - large enough for any oil company globally
He also endorsed the positive messages from the Company to:
(i)implement cost reductions, and to (ii) shelve US IPO plans for the foreseeable future, and (iii) recognition of interest in the data room from potential farm in partners, all of which he sees as positive steps.