Maurel et Prom : Une situation financière solide qui peut financer un mouvement de M&A
>Opinion Neutre relevé à OC à 4.5 € - Les résultats 2023 ont bénéficié du maintien d’une discipline financière forte dans un contexte de cours du baril soutenus. La situation financière n’est plus un sujet et il peut reprendre les initiatives en matière de M&A (suite à la préemption de l’état gabonais sur les actifs d’Assala que ciblait M&P). Nous réitérons notre recommandation Neutre sur le titre et relevons notre OC à 4.5 € (DCF et SOP). Pour rappel, le groupe est ...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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