* Most Preferred List
Afren: Stake building by SA Petroleum offers valuation support
BG: Board awaiting strategic options
Wood Group: Lower risk business model fuels cash generation, 30% upside potential to our PO
* Least Preferred List
Lundin: Long dated capex plans weigh on potential shareholder returns
Neste: Trades at a 20% premium to history post recent rally
Saipem: Despite better order intake, margins remain unknown & Algeria still an overhang
* Stocks Added and Removed
Added: MPL-Afren, Wood Group LPL- Neste
Removed: MPL- Dragon Oil, Eni LPL- Galp