Panoro Energy ASA (OTC:PESAF) is an independent E&P company with operations in Brazil, Gabon and Nigeria. The company has a current market capitalization of just $114 million and had an uneventful 2013 in terms of stock price movement. There is however certain developments lined up, which can result in a strong upside in the stock over the next one year. This research discusses these factors and the sum of parts valuation of the company to conclude on a potential 50% upside with a one-year time horizon.
Panoro Energy ASA is an international independent oil & gas company with a portfolio of production, development and exploration assets in Brazil and West Africa. As of December...
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