Africa Oil a Compelling Opportunity on M&A, Exploration, GS Says
2014-10-02 06:55:03.34 GMT
By James Cone
Oct. 2 (Bloomberg) -- Offers exposure to a strategic asset
with potential to achieve premium valuation, Goldman Sachs says
in note dated Oct. 1, reiterates conviction list buy.
* GS: In M&A scenario, excl. exploration, sees 58% upside to
shrs even with re-introduction of capital gains tax in Kenya
on asset sales
* Can unlock significant upside potential from Kenya
exploration; says appears no risk value currently
ascribed by mkt
* Sees Central Kerio, North Kerio, West Omo and North
Turkana to be tested by end 1Q 2015
* Potential sale of co., asset disposal, farm-down, equity
placing all potential options
* Potential sale of co., asset disposal, farm-down, equity
placing all potential options</li></ul>
* Trims PT 15% to SEK 52.6
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
James Cone in London at +44-20-7673-2572 or
jcone@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-10-02 06:55:03.34 GMT
By James Cone
Oct. 2 (Bloomberg) -- Offers exposure to a strategic asset
with potential to achieve premium valuation, Goldman Sachs says
in note dated Oct. 1, reiterates conviction list buy.
* GS: In M&A scenario, excl. exploration, sees 58% upside to
shrs even with re-introduction of capital gains tax in Kenya
on asset sales
* Can unlock significant upside potential from Kenya
exploration; says appears no risk value currently
ascribed by mkt
* Sees Central Kerio, North Kerio, West Omo and North
Turkana to be tested by end 1Q 2015
* Potential sale of co., asset disposal, farm-down, equity
placing all potential options
* Potential sale of co., asset disposal, farm-down, equity
placing all potential options</li></ul>
* Trims PT 15% to SEK 52.6
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
James Cone in London at +44-20-7673-2572 or
jcone@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net