La Française de l'Energie : Favourable impact of the rise in energy prices and renewed interest in coalbed gas!
>Upward revision to our gas price scenario = +€ 3 per share - FDE sells mine gas produced in France at the Avion site, ~260 GWh per annum on our estimates, with short-term hedge (winter) of around 50% of the volumes at ~€ 25/MWh whilst the remaining volumes are open to the market price or the group’s capacity to capture on this proportion the current high market prices. We estimate these volumes at 130 GWh, which should benefit from prices ~€ 10/MWh higher than initi...La Francaise de l'Energie is engaged in the operation of the French energy sector, with gas assets in northern and eastern France, specifically coal bed methane. Co. aims to substitute a portion of the gas imported into France with coal bed methane, which it produces, due to its low carbon footprint and production cost. Co.'s operations are mainly located in two areas: Lorraine, located in eastern France close to the Franco-German border, and in Nord-Pas-de-Calais, in the Hauts-de-France region located at the Franco-Belgian border. Co. operates in two operating segments: Lorraine which includes the exploration and certification of gas reserves and Avion which includes gas production.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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