BlueNord (Buy, TP: NOK680.00) - The next chapter
Following the scheduled Tyra ramp-up to plateau production towards year-end, we expect the first dividend announcement in January. For 2025–2026, we calculate DPS of NOK352, equal to ~60% of its market cap. Moreover, we see a compelling equity story after 2026e, supported by the Danish Continental Shelf (DCS), a high-value basin with strong prospectivity. We reiterate our BUY and have raised our target price to NOK680 (610).Noreco Energy Company is a Norwegian exploration and production company engaged in the exploitation, development, and acquisition of oil and gas fields. Co.'s activities are located in Norway, Denmark and the U.K.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.