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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Energean - Gas producer forecast to return a cumulative 3-year dividend yield of 66%

August 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ENOG
  • Price:
  • 1009p
Energean, a gas explorer and producer in the Eastern Mediterranean, mostly for the domestic market, has virtually everything an investor could want. Its flagship producing assets comprise the giant Karish and Tanin gas fields in Israel and associated infrastructure, which began producing late in 2022 and successfully ramped up last year. But it has certainly not been standing still; management have a terrific hit rate with the drill bit and are now expected to bring a second collection of fields - the Katlan reservoir - on stream late next year. That means group production, which last year increased from 41,000 to 123,000 barrels oil equivalent per day (boepd), is expected to rise again to 160,000 boepd by early 2026. Other than t ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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