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ShoreCap stays at 'buy' on Savannah Petroleum, sees 'much higher' share price

Published by Alexander Bueso on 18th October 2019

(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan facility into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.


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