(Editors' Note: Songa Offshore trades on the Oslo Stock Exchange on the ticker SONG.OL, with ~4.7M NOK average daily volume).
Songa Offshore (OTC:SGAZF) and Oslo stock exchange, SONG, has been through the worst possible times over the last two years. In 2013, Songa Offshore stock slumped by 65%. This crash provides a great investment opportunity with an investment horizon of 12 months and a potential upside target of 30%.
This initiation on the company discusses the reasons for the stock crash in 2013, the reasons to believe that 2014 and 2015 will be a year of recovery and the current and forward valuation to determine the potential upside.
Songa Offshore is an...
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