We have today initiated coverage on Seplat Petroleum and Development Company Plc., a blue chip upstream and midstream oil and gas producer with a £0.5bn market cap and a 7.6% dividend yield - it didn't cut its 2020 dividend, differentiating it from most in the sector. With consensus risked NAV of 158p per share we believe there is significant upside potential here on current assets alone. Its successful history of asset and corporate acquisitions combines with a fertile environment for these to ....
25 May 2021
Seplat Petroleum - Initiation Note
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Seplat Petroleum - Initiation Note
We have today initiated coverage on Seplat Petroleum and Development Company Plc., a blue chip upstream and midstream oil and gas producer with a £0.5bn market cap and a 7.6% dividend yield - it didn't cut its 2020 dividend, differentiating it from most in the sector. With consensus risked NAV of 158p per share we believe there is significant upside potential here on current assets alone. Its successful history of asset and corporate acquisitions combines with a fertile environment for these to ....