it looks like Impact of UBS call more important that these comments in the press but worth mentionning it.
Ophir Energy (Ophir) may consider mergers and acquisitions, according to market speculation cited by a Financial Times report. The newspaper’s market report section did not cite a source for the rumour.
Ophir shares closed 3.9% down at 231.2p yesterday (26 June) after the company reported that it had not found oil at an offshore well near Gabon, the item noted.
Traders cited by the report speculated that Ophir’s disappointing drilling campaign this year might lead the company to reconsider mergers & acquisitions. Ophir this year proposed a merger with UK-listed rival Premier Oil, the article noted.
Ophir’s market capitalisation stood at GBP 1.36bn (EUR 1.70bn) at the close of trading in London yesterday.
Source Financial Times