PREMIUM FEATURES

Analysts rate Roc as a 'Buy'

TWO market analysts have recommended Roc Oil as a Buy despite the recent dilution of its stock by the placement of 28 million shares to raise A$75.9 million to fund accelerated Angolan exploration and cost increases at the Cliff Head oil project in Western Australia.

The 28 million ordinary shares, placed at A$2.71 per share, began trading on January 25. They represent 14.9% of Roc’s issued share capital. UBS Investment Research adjusted its earning per share estimates...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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