Challenger Energy jumps 9% as Stifel backs outlook after results

  • Shares in Challenger Energy Group PLC (AIM:CEG, OTCQB:BSHPF) rose 9% after Stifel reaffirmed its 'buy' rating and 50p target price following the company's full-year results. Cash levels came in broadly in line with expectations, reinforcing the view that Challenger remains fully funded for its upcoming work programmes.