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Secondary Recommendation

Gulfsands - Syrian oil producer on prospective PE for 2012 of just 4.1

August 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GPX
  • Price:
  • 292p
The recent bid approach for FTSE-250 oil producer Dana Petroleum has fired the starting gun on what could be an exciting round of take-over activity across the sector and another stock likely to attract interest is Gulfsands, which has assets in Syria, Tunisia and the Gulf of Mexico. Gulfsands has the perfect combination of a rising production profile, a large cash pile and speculative interest from what could be a highly rewarding exploration program and has already fought off one bid approach, pitched at 315p, earlier this year. We believe any other prospective suitor will have to be far more generous, particularly given that eps is forecast to nearly double from an expected 38.2p this year to 71.1p in 2012. Founded in 1997, Gu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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