We initiate coverage of Reabold Resources with a BUY recommendation and PT of 2.7pps, upside of 284% from the current share price. In our opinion, Reabold offers investors unique access to low risk high return oil & gas projects which have fallen under the industry’s radar. By investing small amounts of capital, Reabold aims to tip these projects into commerciality. We define a RENAV of 2.7pps for Reabold, which could increase materially to 9.4pps in the event it fully derisks all i
13 Dec 2017
Dealmaker
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Dealmaker
Reabold Resources plc (RBD:LON) | 0.1 0 (-8.3%) | Mkt Cap: 8.41m
- Published:
13 Dec 2017 -
Author:
Jessica Saadat -
Pages:
37
We initiate coverage of Reabold Resources with a BUY recommendation and PT of 2.7pps, upside of 284% from the current share price. In our opinion, Reabold offers investors unique access to low risk high return oil & gas projects which have fallen under the industry’s radar. By investing small amounts of capital, Reabold aims to tip these projects into commerciality. We define a RENAV of 2.7pps for Reabold, which could increase materially to 9.4pps in the event it fully derisks all i