DELEK increase stake in Faroe Petroleum

RNS just out on Delek moving from 13.8% to 15.01%.

As mentioned in earlier posts, Delek built a stake up in Ithaca before making a bid. They might not wait too long before making a bid on Faroe. Any bid would need to be double today’s price of 87p to be successful based on my estimates of fair value.

Watch this one very closely.

Leave a Reply

Your email address will not be published. Required fields are marked *