MPC Energy IPO was placed two weeks ago. There was 14 days blackout period for the IPO syndicate banks, in which they are not able to publish research. That ended last Thursday. The syndicate had two members : Fearnley and Sparebank. Fearnley published yestarday very bullish report (go to fitinvestmentideas.com for details).
The other member of the syndicate was Sparebank. They have the top rated analyst for Solar. Plus they have a large retail coverage, which Fearnley does not. He can move the market. They published today report on NUMND, which drove the price 20% up. The same could happen to MPC Energy. They could publish any day now. But they will publish. Syndicate members do publish.
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