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.
Alkane Energy (ALK) shares have reacted well to the sale of assets to Egdon Resources (EDR) but is there still upside at 43.5p? Broker VSA reckons so, arguing for a base case valuation of 54p a share in a long and detailed note.
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