We are reiterating our BUY recommendation on GeoPark with a target price increased from US$26 to U$27 per share. With Block 34 in Colombia continuing to deliver, GeoPark offers a combination of production and cashflow growth, material exploration upside and very large returns to shareholders; now supplemented by a small dividend that could enlarge the number of institutions able to buy the shares. We also anticipate that 2P reserves in Colombia will continue growing. The shares trade below ou
07 Nov 2019
5-10% growth. 7% buy back. Exploration upside.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
5-10% growth. 7% buy back. Exploration upside.
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
07 Nov 2019 -
Author:
Stephane Foucaud -
Pages:
5
We are reiterating our BUY recommendation on GeoPark with a target price increased from US$26 to U$27 per share. With Block 34 in Colombia continuing to deliver, GeoPark offers a combination of production and cashflow growth, material exploration upside and very large returns to shareholders; now supplemented by a small dividend that could enlarge the number of institutions able to buy the shares. We also anticipate that 2P reserves in Colombia will continue growing. The shares trade below ou