Report
Jon Masdal
EUR 86.34 For Business Accounts Only

Weekly news, topics & discussion

Equinor is to spend 80% of its exploration budget in areas adjacent to existing infrastructure, with only 20% in immature areas. DNO had disappointing exploration results on the Gomez and Black Vulture exploration wells, reducing NAV by NOK0.5/share. Aker BP continues to position itself for growth, with a PDO for the Frosk field.
Underlying
DNO ASA Class A

DNO is a Norwegian exploration and production company focused on the Middle East and North Africa. Co. holds stakes in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore, in the Kurdistan region of Iraq, Yemen, Oman, the United Arab Emirates, Tunisia and Somaliland.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Jon Masdal

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