Trinity Exploration & Production’s (LON:TRIN) also received positive billing from a broker – with Peel Hunt highlighting its portfolio of assets in and around Trinidad which offers a low risk opportunity in the Caribbean compared to more exploration focused peers.
As well as the development upside, there is the potential to grow production and cash flow materially in the short to medium term. The recent acquisition of Blocks 1a and 1b from Centrica (LON:CNA) also highlights the possibility to pick up more assets as majors dispose of non-core assets.