Cadogan Petroleum is an independent oil and gas exploration and production company with onshore oil, gas and condensate assets in Ukraine. The shares are listed on the main market of the London Stock Exchange and currently trade at a substantial discount to the value of net cash on the balance sheet. We believe a recent management change and refocussing of the strategy could lead to a rerating of the shares. However, the execution risk remains high and success contingent on executing the right deals in and outside Ukraine.
23 Feb 2017
Cadogan Petroleum - Trading at Discount to Cash
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Cadogan Petroleum - Trading at Discount to Cash
Cadogan Energy Solutions PLC (CAD:LON) | 2.2 0 0.0% | Mkt Cap: 5.49m
- Published:
23 Feb 2017 -
Author:
Lionel Therond -
Pages:
3
Cadogan Petroleum is an independent oil and gas exploration and production company with onshore oil, gas and condensate assets in Ukraine. The shares are listed on the main market of the London Stock Exchange and currently trade at a substantial discount to the value of net cash on the balance sheet. We believe a recent management change and refocussing of the strategy could lead to a rerating of the shares. However, the execution risk remains high and success contingent on executing the right deals in and outside Ukraine.