RBC downgrades Elk valuation

RBC Capital Markets has downgraded its valuation of US-focused oil and gas producer Elk Petroleum from outperform to sector perform and its price target from 15 cents per share to 4c over its debt burden.

Elk downgraded by RBC

06 February 2019
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The bank has been a strong backer of the Rocky Mountain-focused company, declaring last year it "believed in Mr Grieve" and picturesquely suggesting the former junior's move into the Aneth field had

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