Proactive Investors - Run By Investors For Investors
Why invest in ROSE?
Rose Petroleum PLC: DEEP DIVE
OVERVIEW

Rose Petroleum set for substantial upside in Utah’s Paradox basin - broker

Analyst Ashley Kelty highlighted what could be characterised as favourable environment and opportunity for Rose Petroleum
oil and gas operations
OVERVIEW: ROSE The Big Picture
Cantor has a 9p price target

Cantor Fitzgerald sees some 205% upside to the Rose Petroleum PLC (LON:ROSE) share price  as the explorer seeks to advance its assets in Utah’s Paradox basin.

The broker has a ‘buy’ recommendation with a 9p price target, compared to a current price of around 3p.

Analyst Ashley Kelty highlighted what could be characterised as favourable environment and opportunity for Rose.

WATCH: Rose Petroleum announces CPR results for Paradox basin in Utah

“As US oil & gas production rises to record levels, positive investor sentiment towards onshore US appears to be returning, as the potential for low cost operations and high netbacks makes the investment case compelling,” the analyst said.

“With crude prices rising, and OFS costs low, many companies are expanding their operations and seeking opportunities in the US.

“However, many investors are unaware of the potential outside the more established basins (such as the Permian, Bakken and Niobrara).”

Kelty added: “Rose Petroleum has focussed on Utah’s Paradox Basin, which has been productive and has significant potential with Rose having assessed net resource of 13mmboe (2C) and 1.5bn boe (prospective) across its current acreage.

“The company is seeking to undertake low risk appraisal drilling in late 2018, with success leading to a near term development, and unlocking truly transformational potential.

“We believe that Rose is trading at a discount far below peers and that near term activity could act as a catalyst for a re-rating of the stock.”

View full ROSE profile View Profile

Rose Petroleum PLC Timeline

Video
December 07 2018

Related Articles

Hydrogen fuel gauge
April 05 2019
The company’s technology, DMG, uses a process of small scale gasification to turn waste products into energy rich clean synthetic gas from which electrical power and hydrogen can be produced
oil
February 15 2019
ExxonMobil has made ten discoveries on the neighbouring Stabroek Block with an estimated 5bn barrels of oil
oil rig
February 27 2019
Gross production might hit 45,000 barrels per day by end 2019

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use