Tap Oil a ‘sell’ at UBS

UBS has a “sell” recommendation on Tap Oil and a 12-month price target of 34¢.

Elise ShawMarkets Online Editor

Updated Mar 5, 2015 – 11.15am, first published at 6.34am

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UBS has a “sell" recommendation on Tap Oil and a 12-month price target of 34¢ a share.

“The low oil prices couldn’t have arrived at a worse time for TAP, with the Manora oilfield successfully ramping up," the broker said.

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