Scots Stocks:Melrose Continues to Enjoy Limelight As Oriel Calls Correction 'Overdone'

The Scotsman › January 24, 2008

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Summary

EDINBURGH oil and gas explorer Melrose Resources was boosted for a second straight session after Oriel Securities put a 450p price target on the company claiming a recent price correction had been "overdone".

Melrose, which rose 10 per cent on Friday after announcing a gas find in the US, added a further 10p yesterday, up 3.33 per cent to 310p.

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Scots Stocks:Melrose Continues to Enjoy Limelight As Oriel Calls Correction 'Overdone'

Cairn Energy was one of the only faller...

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