Investec sees pockets of value in the oil exploration sector
Its top picks are Afren (LON:AFR), Genel (LON:GENL), Ophir (LON:OPHR) and Salamander (LON:SMDR). Also on the ‘buy’ list are Rialto (LON:RIA), Premier Oil (LON:PMO) and Circle Oil (LON:COP), while Tullow (LON:TLW) is its sole ‘sell’.
Rialto Energy (LON: RIA)‘s stock had its “buy” rating reiterated by investment analysts at Investec in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 10 ($0.15) target price on the stock.
RIA Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
