ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 09/12/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 09/12/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/09/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 12/09/2025

AUCTUS ON FRIDAY - 05/09/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Firming-up the exploration portfolio in Austria – ADX has matured its Austrian exploration portfolio following: (1) recent drilling results, (2) licence area modifications, and (3) updated technical evaluations. Excluding the Welchau-1 well drilled in 2024—where resource classification remains pending due to suspended flow testing (following an environmental objection)—ADX has del...

IBERIAN DAILY 12 SEPTEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CELLNEX, ECOENER, INDRA, REPSOL. The ECB follows the script European stock markets rallied in a session in which the ECB’s message of continuity, along with the US inflation data, led the euro above 1.17. In the STOXX 600, only Technology and Media ended in the red, while the best performers were cyclicals like Construction, Autos and Retail. On the macro side, in the euro zone the ECB suggested it will keep its monetary policy unchanged, but leaving the door open to rate cuts if ...

INFORME DIARIO 12 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CELLNEX, ECOENER, INDRA, REPSOL. El BCE sigue el guion previsto Ganancias en las bolsas europeas, en una sesión en la que el discurso continuista del BCE junto al dato de inflación americana aupó al euro por encima de 1,17. En el STOXX 600 tan con sólo Tecnología y Media terminaron en rojo mientras que los mejores fueron cíclicos como Construcción, Autos y Retail. Por el lado macro, en la Eurozona el BCE apuntó a mantener la política monetaria inal...

ODDO : IEA report - OPEC decision creates risk of large surplus

ODDO : Rapport AIE –La décision de l’OPEP laisse planer le risque d’un...

Serica Energy Plc (AIM: SQZ): Temporary blip at Triton

• Production at the Triton FPSO is currently running at a reduced rate due to a vibration issue within the compression trains, requiring bearing replacement. Normal output is expected to resume by end-September. Triton achieved net production of over 25,000 boe/d in August using only one compressor. The restart of the second unit could push volumes above this level. • In parallel, subsea intervention work on a pipeline at the Bittern field, originally scheduled for 2026, has been scheduled for N...

Energy Morning - 9 September 2025

Cairn Homes Plc: 1 director

A director at Cairn Homes Plc maiden bought 25,000 shares at 2.190EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...

AUCTUS ON FRIDAY - 05/09/2025

AUCTUS PUBLICATIONS ________________________________________ Pulsar Helium (PLSR LN/CN)C; Target price of £0.95 per share: Very high flow rate at Jetstream #1. £3.7 mm equity raise to drill up to 10 wells – Jetstream #1 recorded a peak flow rate exceeding 1.3 mmcf/d of raw gas during a compression-assisted test, with no formation water encountered. This represents a ~2.5-fold increase over the flow rate achieved without compression, and is approximately 60–65% higher than the rate recorded durin...

Energy Morning - 1 September 2025

AUCTUS ON FRIDAY - 29/08/2025

Arrow Exploration (AXL LN/CN)C; Target price of £0.50 per share: High impact exploration drilling in 2H25 – 2Q25 production averaged 3,768 boe/d, impacted by water handling constraints and steeper-than-anticipated early declines at newly drilled wells. Current WI production stands at ~4,200 boe/d, down from the July peak of 4,600–4,800 boe/d, which reflected initial flush output from AB-HZ5 and AB-HZ4. While first-month decline rates are steep, Arrow has observed that post-month-one declines are...

~70% of FY'25 liftings expected in H2

AUCTUS ON FRIDAY - 15/08/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Formal permit award in Italy adds gas exploration upside – ADX has been formally awarded the C.R150.AU offshore exploration permit in Sicily. The permit has an initial term of 6 years, with the option for 2 additional 3-year renewal periods. In the event of a commercial discovery, an exploitation concession may be granted for 20 years, extendable by a further 10 years. ADX is now ...

Serica Energy Plc (AIM: SQZ): High production at Triton. More to come

• Net production at Triton has averaged 20 mboe/d over the past two weeks. This reflects the progressive restart of all the fields, with further upside expected as additional wells are brought online. These include (1) productive wells from Bittern and Gannet E, and (2) newly drilled wells at Guillemot North West and Evelyn, which have yet to commence production. • As a reminder, Serica has a 100% interest in the Evelyn field, and has already stated that the well showed ‘encouraging results’ whe...

Panoro Energy ASA (OSE: PEN): Large cash build-up expected in 2H25

• 2Q25 production of 11,064 bbl/d had already been reported. The production was impacted by unplanned downtime at Ceiba (~5,000 bbl/d gross or ~700 bbl/d net to Panoro’s 14.25% WI). Remedial works are expected to restore production in 4Q25. • In 2026, Panoro will drill four development wells at Hibiscus and Hibiscus South on the Dussafu licence, targeting first oil in 2H26. This programme is designed to restore gross plateau production to ~ 40,000 bbl/d. With the rig already on site, Panoro coul...

Energy Morning - 21 August 2025