Sandridge Permian Trust surges as PEDEVCO shows takeover interest

PEDEVCO

27/08/2020 12:37

** Stocks of oil and gas explorers Sandridge Permian Trust
 PER.N  and PEDEVCO Corp  PED.A  jump ~42% premarket, after PED
indicates interest to acquire PER
    ** PED writes open letter to PER indicating its interest in
a potential acquisition  urn:newsml:reuters.com:*:nACSX3w0Ma
    ** PER shares jump to a month-high of $0.50, set for a
record daily percentage gain
    ** PED shares jump to $1.12, their highest level since
early-June; set for strongest session in more than 1-1/2 years
    ** YTD, PED down ~53% and PER down ~59% as of last close

 (Reporting by Ambar Warrick in Bengaluru)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))