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Touchstone having a gas

The dual-listed gas play has a strong contender in its Trinidadian Cascadura prospect and the cash to make it into production
Touchstone having a gas

Shares in oil and gas companies on the verge of production are out of fashion and should mostly be avoided in 2020. Yet some look as though they have a reasonable chance of making it to positive cash flow without loading up on debt or diluting shareholders excessively.

IC TIP: Buy at 74p
Tip style
Speculative
Risk rating
High
Timescale
Medium Term
Bull points

Cascadura asset has major potential 

Low funding requirements to reach production 

Existing revenue

Exploration wells coming this year

Bear points

Cascadura not yet producing 

Weak gas price

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