London-listed Braemar was bouncing along at over £5.50 when the deal came to light last May but slipped to under £4 in early January as the crash in oil prices hit global equities. A recovery has since taken hold, with the stock closing at £4.70 on Monday.
Kidwell said: “I think we got swept up in the general ‘you’re one of the stocks that the fall in the oil price might affect’.
