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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Energean - Gain to date: 170%

October 2022

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:
  • 1392p
The shares soared above £14 after Energean reported a robust operational performance and fast tracked commencement of a maiden quarterly dividend of 30 US cents (costing US$50m), around three months ahead of schedule. This is expected to rise to 60 cents a quarter as production from its flagship Karish gas field in Israel, where first gas is expected “within weeks,”  ramps up. Net debt was US$2.2bn.Interim results showed revenues of US$339m, EBITDAX (i.e. EBITDA profit less exploration costs) of US$198m and production of 35,400 barrels oil equivalent per day. Full year guidance is for 34-37,000 barrels (ex Israel) changed from previous 35-40,000. Israel (i.e. Karish) is expected contribute between 15-25,000 in Q4 this year.EN ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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