By John Lee.
Shares in Petroceltic plc were trading up nearly 4 percent on Tuesday, following a positive note from a London-based broker.
Peel Hunt analyst James Carmichael claims that near-term drilling in Iraqi Kurdistan could significantly increase Petroceltic’s resource base.
Proactiveinvestors says the broker has a ‘buy’ recommendation and a 202p price target for the company, which is some 50% above the current price of 130p.
“We believe that the earnings visibility provided by the current portfolio, the potential for Dragon to return with a renewed offer, and the scale of the Shireen prospect provide a number of possible catalysts for share price growth over both the short and medium-term.”
(Source: Proactiveinvestors)
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iraqsolidarity 10th February 2015 at 16:47 #
Broker Tips Petroceltic http://t.co/ym4G8cy9Kh
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JT_Iraq_News 10th February 2015 at 16:47 #
Broker Tips Petroceltic: By John Lee. Shares in Petroceltic plc were trading up nearly 4 percent on Tuesday, f... http://t.co/el3xHFw9dR
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dliraq 10th February 2015 at 16:47 #
Broker Tips Petroceltic: By John Lee. Shares in Petroceltic plc were trading up nearly 4 percent on Tuesday, f... http://t.co/MiuT4swjFW
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IraqMonitor 10th February 2015 at 16:55 #
#Iraq Business News: Broker Tips Petroceltic http://t.co/mrqEXKrP6j
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DTNIraq 10th February 2015 at 16:55 #
DTN Iraq: Broker Tips Petroceltic: By John Lee. Shares in Petroceltic plc were trading up nearly 4 percent on ... http://t.co/jrmF0SEMPd
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MENewsFeed 10th February 2015 at 16:55 #
Broker Tips Petroceltic: By John Lee. Shares in Petroceltic plc were trading up nearly 4 percent on Tues... http://t.co/UtlWe0eRUX #Iraq