Jefferies analyst Alejandro Anibal Demichelis initiated coverage of GeoPark with a Buy rating and $14.50 price target. The company is value play on Latin America energy after declining 35% year-to-date due to temporary operational issues in Colombia, the analyst tells investors in a research note. With the imminent restart of its CPO-5 wells and sustained production from its flagship LL34 block, GeoPark can show a significant uptick in production in Q4, says the firm.
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