Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Leading resource broker Fox Davies has published a note on San Leon Energy (SLE) in light of the deal announced earlier this week with Baker Hughes. It argues that the NAV of the shares is 22p – the share price is just 4.2p.
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