Maurel et Prom : 2019 volumes up 19% and sales valued at growth of 25%
>Neutral recommendation maintained (target price of € 4.5) - We maintain our Neutral rating on the stock. Acquisitions have sped up and the group has re-embarked on an exploration programme. The rise in external growth operations, sometimes in “sensitive†regions such as Venezuela, is a bonus point when it comes to diversifying risks and reserves (very high dependency on the Onal field in Gabon in the past). In addition, Pertamina’s presence in the capital gives the ...Etablissements Maurel et Prom is engaged in the oil and gas industry. Co. is engaged in mainly two activities: exploration and production of oil and gas; and oil drilling. The goal of the exploration business is to discover exploitable accumulations of hydrocarbons. It includes geological and geophysical studies, acquisition and seismic processing as well as exploratory drilling. Co. operates in 12 countries and 4 continents, including Colombia, Peru, France, Italy, Congo, Tanzania, Gabon, Namibia, and Mozambique. Co. is also engaged in a project of gold exploration in Mali. As of Dec. 31 2013 Co. had close to 100,000 sq. km of exploration areas in 12 countries on 4 continents.
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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