Bucking the trend of many of its peers, Mosman Oil & Gas (‘Mosman’ or ‘the Company’) enjoyed a year of operational development in 2020. Against a challenging market backdrop, the Company successfully transitioned into a low cost, high margin producer, exiting the year with a transformed production profile. Recent positive news flow has seen Mosman’s share price rally over 30% YTD alone, however we believe there remains considerable running room in the stock for investors. We therefore initiate coverage with a BUY rating, setting a 0.42p/share risked target price.
Link here to read the full SP Angel broker note MSMNFINAL2021