Remedial efforts are helping Ophir Energy (OPHR) to “approach sustainability”, in the words of chief executive Nick Cooper. That follows a comment that the mid-tier oil and gas outfit “has reached financial stability” in January. If this all sounds defensive, it’s for good reason. While reserves and liquidity both increased in 2017, the year did not result in a final investment decision on the Fortuna LNG project.
IC TIP:
Hold
at
51.7p