We reiterate our Buy rating on Andes Energia and 50p target price following a solid set of interim results which demonstrate the progress that it is making with its Chachahuen assets and the growth in EBITDA that these assets deliver. The business environment in Argentina is improving, as are relations with the UK, and this should help Andes potentially start to realise some value from its extensive Vaca Muerta acreage, where it has 250,000 net mineral acres. Andes continues to trade at a ste
19 Sep 2016
Solid interim results
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Solid interim results
- Published:
19 Sep 2016 -
Author:
Mark Henderson -
Pages:
2
We reiterate our Buy rating on Andes Energia and 50p target price following a solid set of interim results which demonstrate the progress that it is making with its Chachahuen assets and the growth in EBITDA that these assets deliver. The business environment in Argentina is improving, as are relations with the UK, and this should help Andes potentially start to realise some value from its extensive Vaca Muerta acreage, where it has 250,000 net mineral acres. Andes continues to trade at a ste