Posted by SHQuah > 2016-05-13 09:46 | Report Abuse

A good entry level, limited downside
The recent share price correction following Seadrill’s exit from SAKP is an opportunity to accumulate and trade on valuations (oversold, undervalued), beta and potential catalysts. Unlocking and monetising its gas reserve is high on SAKP’s agenda, a major catalyst not factored in by the market yet. Our unchanged SOP-based TP offers a 26% upside.

Posted by SHQuah > 2016-05-13 09:46 | Report Abuse

Opportune time to accumulate
We see values emerging from the recent fall in share price (19% YTD), attributed much to the recent Seadrill’s block sale. At current levels, the stock is oversold and attractively valued (26% upside to our TP). With its high beta, it offers a good trading proxy to the potential rebound in oil prices. Positive newsflows from its gas fields would be a strong catalyst.

Posted by MuttonCurry > 2016-05-13 09:47 | Report Abuse

Avoide ... Seadrill not yet finish selling ...