Report
Mark Taylor
EUR 101.80 For Business Accounts Only

Oil Search boasts large, high-quality, liquids-rich gas resources in PNG.

We upgrade our fair value estimate by 6% to AUD 4.75 due to the time value of money and a slight increase to our long-run two-train PNG LNG output assumption to more than 7.8 million tonnes per year. This follows another strong quarterly performance, despite scheduled maintenance. The PNG LNG plant achieved a record monthly rate of 8.65 Mtpa in June following a compressor upgrade, but a jump in the AUD/USD exchange rate to 0.79 from 0.75 offsets this. Our fair value estimate equates to a 2026 E...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Taylor

Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch