Q: Hello
one of the Middle East Oil power has invested something in this company, is it a buy, hold or watch?
surprised that it has pulled back
thanks
Michael
one of the Middle East Oil power has invested something in this company, is it a buy, hold or watch?
surprised that it has pulled back
thanks
Michael
5i Research Answer:
Qatar has taken a $500M stake in the company, but IVN has delayed its production guidance and investors have been worried about dewatering issues at its mine. We would consider it a HOLD right now due to the uncertainty.