Drillsearch downgraded, 'unclear strategy' since Lingo left

DRILLSEARCH Energy, which is subject to speculation it could merge with fellow Cooper Basin oil producer Beach Energy, was downgraded by Macquarie Wealth Management on the back of growth and liquidity concerns.

Drillsearch downgraded, 'unclear strategy' since Lingo left Drillsearch downgraded, 'unclear strategy' since Lingo left Drillsearch downgraded, 'unclear strategy' since Lingo left Drillsearch downgraded, 'unclear strategy' since Lingo left Drillsearch downgraded, 'unclear strategy' since Lingo left

The broker called Drillsearch's recent quarterly production results "solid".

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