Half Year Results 

Soco sells at premium to Brent crude

Soco sells at premium to Brent crude

Soco International (SIA) has been characterised as a company with interests in high-quality, yet geologically complex, hydrocarbon deposits, and one that has delivered returns below the cost of capital. Whether or not this is justified, the reality is that its share price has lost 70 per cent of its value since Brent crude collapsed from around $115 (£87) a barrel midway through 2014. Although the driller’s latest half-year figures won’t reverse that overnight, they do suggest it is tailoring its business in the face of the ‘new normal’ in oil prices.

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