Report
FLASH - Maurel & Prom - Buy Vs Strong Buy - TP. €4.65
With the war in Ukraine and the embargoes on Russian production, we expect oil prices to remain high this year and in 2023. With the recent agreement with the Gabonese government, Maurel & Prom will also benefit from more favourable tax terms in that country in the coming years. Following the update of our estimates, we raise our target price to €4.65 (vs. €3.00). However, we are adopting a Buy (2) (vs. Strong Buy (1)) opinion given the recent very strong appreciation of the stock.
Underlying
MAUREL & PROM
Provider
Portzamparc Sponsored
Portzamparc is a subsidary of BNP Paribas which adapted the mission to contribute to responsible and sustainable growth of private clients, management companies and SMEs . They offer personalized support adapted to the objectives in particular for Small and Medium-Sized Enterprises.
Nicolas Montel
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