Audio Note: Afentra – Initiation of coverage

In this audio note, Zeus’ Dan Slater summarises the investment case for Afentra.

Afentra is a UK-listed E&P operating in Angola. The company has assembled an attractive producing asset position via acquisition, based on numerous fields and extensive infrastructure. Afentra is now moving to use this portfolio to drive growth, via new drilling and tie-back developments, targeting steep production increases over the coming years. This all represents an exciting growth portfolio, and we initiate coverage with a Buy recommendation and 115p price target.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.

This content is issued by Zeus Capital Limited (“Zeus”) (Incorporated in England & Wales No. 4417845), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (“FCA”) for designated investment business, (Reg No. 224621) and is a member firm of the London Stock Exchange. This content is for information purposes only and neither the information contained, nor the opinions expressed, within constitute or are to be construed as an offer or a solicitation of an offer to buy or sell the securities or other instruments mentioned in it. Zeus shall not be liable for any direct or indirect damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only.