Providence Resources

Collecting carbon

  • Sectors : Resource
  • Companies : Providence Resources

Ratings and price correct at time of issue.

  • Providence Resources

    Closing Price: 6.8p

  • RATING 09/06/11

  • PREVIOUS RATING N/A

DAVY VIEW

These are very difficult times for the conventional oil and gas industry. Although its business mandate is to provide energy, it also needs to adapt to a world where carbon-based energy supply is unpopular and where efforts continue to reduce its demand. Those groups that can continue to meet the demand for energy but also demonstrate a shift to a reduced carbon business model are likely to fare best overall. We think Providence has this opportunity with its Barryroe venture.

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Oct 13 2020, 12:15 IST/BST

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