We are initiating coverage on GeoPark with a BUY recommendation and target price of US$26.00 per share. GeoPark is a US$1.1 bn market cap E&P focusing on Latin America conventional. Compared to UK peers, GeoPark benefits from two advantages: (i) a strong balance sheet, and (ii) assets with low costs that are a perfect fit for junior E&Ps.
26 Jul 2019
Initiating coverage: Not only about Block 34
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Initiating coverage: Not only about Block 34
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
26 Jul 2019 -
Author:
Stephane Foucaud -
Pages:
20
We are initiating coverage on GeoPark with a BUY recommendation and target price of US$26.00 per share. GeoPark is a US$1.1 bn market cap E&P focusing on Latin America conventional. Compared to UK peers, GeoPark benefits from two advantages: (i) a strong balance sheet, and (ii) assets with low costs that are a perfect fit for junior E&Ps.