Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Following my first article (here) I have had a lot of questions and comments regarding Fully listed Salamander Energy (SMDR) and so I expand my view of its Far Eastern promise. The shares are still at 113p but my target share price remains 250p. Here’s why.
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Comments
Frank
Chris,
Thanks for your notes – what I can’t rationalise is if the BOD are confident in the potential of NK2 why did they effectively put the company up for sale just a few months ahead of NK2 drilling outcome? Would welcome your view on this point.
Thanks