Report
Baptiste Lebacq

Maurel et Prom : Code name “Resilience” vis transparency

>Neutral rating, target price adjusted to € 2 - At the conference call that followed the publication of its 2019 results (see First Take of 1 April 2020), the group demonstrated a very high level of transparency. The message on the adjustments put in place was very well argued and quantified to stress that the group should be able to cope with these new market conditions.After publication, we adjusted our sequence of earnings estimates to integrate, in particula...
Underlying
Etablissements Maurel & Prom SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

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