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Solo Oil: Analyst Malcolm Graham-Wood expects 'significant valuation uplift' when trading resumes

Analyst and commentator Malcolm Graham-Wood says this week's acquisition by Solo Oil (LON:SOLO) of producing natural gas fields in the Dutch section of the North Sea 'ticks all the boxes'.

''I was really impressed by this to be honest''.

''This deal they've done really does hit every nail on the head - it's reasonably priced, they'll raise some debt and equity and it transforms the company absolutely and completely''.

Graham-Wood also offers up his thoughts on recent developments with Genel Energy PLC (LON:GENL), Gulf Keystone Petroleum PLC (LON:GKP), Bahamas Petroleum Company PLC (LON:BPC), Nu-Oil and Gas PLC (LON:NUOG), Jersey Oil & Gas Plc (LON:JOG) and Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG).

Quick facts: Scirocco Energy PLC

Price: 1.05 GBX

AIM:SCIR
Market: AIM
Market Cap: £7.6 m
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Capital Network's Lionel Therond on Solo Oil Plc

Capital Network's oil and gas analyst Lionel Therond talks through Solo Oil Plc (LON:SOLO) and looks at the company's valuation and outlook.

on 21/7/17

2 min read