Vår Energi (Buy, TP: NOK51.00) - Limited room for surprises in Q2e
With Q2 production and realised prices pre-announced, we are neutral on the reported numbers, forecasting EBITDA of USD2,124m, in line with consensus. We expect unchanged dividends of USD1bn for 2022 and unchanged underlying cost guidance (except potentially on FX). We reiterate our BUY and NOK51 target price.
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.