Peel Hunt reiterates Buy19 Aug 2019 23:51
From March was based on the following but reiterated start of the month;
** Peel Hunt upgrades UK-based oil & gas co Soco International Plc to "buy" from "add" saying "market has not yet valued the portfolio reset"
** Brokerage believes value in transformative Egypt acquisition has been missed by the market
** Proposed acquisition gives co scale and numerous upside opportunities - per broker
** Broker views the co as undervalued asset, a clear path to production/NAV growth, among others
** Peel Hunt believes successful delivery of the extensive Egypt drilling programme being key catalyst for a share price re-rating