Latam Chart Book - 18 December 2025 - Lucror Analytics

The LatAm Chart Book features relative-value charts and bond tables by country.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: EnQuest Plc, Maxeda, Ineos, Victoria, Modulaire, Solenis, Oriflame, Standard Profil, Alain Afflelou, Bombardier, International Personal Finance, Rexel, Nexans

Hybridan Small Cap Feast: 17 December 2025

* A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication. Dish of the Day Admissions: All Things Considered Group (ATC.L), the independent music company delivering representation, services and creative commercial solutions, announced it h...

Sintana Energy Inc. (TSX-V: SEI): Materiality and diversification

• The completion of the acquisition by Sintana of Challenger creates one of the largest listed exploration-focused companies with a market cap of ~US$155 mm. The group benefits from a dual listing in London and Toronto. • The enlarged platform offers exposure to a geographically diverse set of exploration and appraisal assets, unified by common geological themes on both sides of the South Atlantic conjugate margin. Each jurisdiction provides material scale and the potential for high-impact news ...

Sintana Energy (SEI CN) - Atlantic Margin, darling - Corporate

Sintana is a TSXV-listed E&P company, soon to be dual listed on AIM. The company is focussed on an extensive portfolio of exploration/appraisal assets around the Atlantic Margin in Namibia, Uruguay, and Angola, having recently acquired UK peer Challenger Energy. Sintana has met with great success with the giant Mopane discovery, and there are potential new work programmes and farm out process results upcoming across its portfolio. We value the shares at C$1.48, and have a positive outlook for th...

Aker BP ASA - September 2025 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

AUCTUS ON FRIDAY - 05/12/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.20 per share: Resource estimates boost in Sicily – ADX has increased its aggregated prospective gas resource estimates for its Sicily Channel permit from 103–369–772 bcf to 188–484–1,265 bcf (P90–P50–P10 cases). The new mean prospective resource of 619 bcf reflects the increased upside potential for the permit. Individual prospect sizes range between 37–111 bcf (P50 case), with four prospects e...

Energy Morning - 5 December 2025

ADX Energy (ASX: ADX): Resource estimates boost in Sicily

• ADX has increased its aggregated prospective gas resource estimates for its Sicily Channel permit from 103–369–772 bcf to 188–484–1,265 bcf (P90–P50–P10 cases). The new mean prospective resource of 619 bcf reflects the increased upside potential for the permit. • Individual prospect sizes range between 37–111 bcf (P50 case), with four prospects each estimated at 60–68 bcf (P50). • The updated volumes reflect representative reservoir parameters from the nearby Lippone-Mazara onshore producing g...

AUCTUS ON FRIDAY - 28/11/2025

Arrow Exploration (AXL LN/CN)C; Target price of £0.40 per share: Another positive result at Mateguafa Attic – The M-6 vertical well has encountered 30 ft of net oil pay in the Carbonera C9 formation (previously named Guadalupe). This compares favourably with the results of the M-5 well that encountered ~ 26 feet of net oil pay in the same formation. This result provides a strong foundation for the first horizontal well at Mateguafa (M-HZ7), already spudded and expected to come onstream in Decemb...

New Zealand Energy Corp. (TSX-V: NZ): Gas storage MOU signed with Gene...

• New Zealand Energy, L&M Energy, and Genesis Energy have entered into a memorandum of understanding (MoU) to advance the Tariki gas storage project. The MoU establishes an exclusive framework for collaboration across technical studies, commercial negotiations, and project development milestones, ultimately leading to a final gas storage services agreement. This agreement will underpin the path toward a final investment decision, project completion, and commercial operations. • Genesis Energy’s ...

AUCTUS ON FRIDAY - 21/11/2025

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.90 per share: Imminent flow rate results for first horizontal well. LNG facility construction 90% complete. – 3Q25 production averaged 9,978 mboe/d, broadly in line with expectations. In Uzbekistan, drilling of a 1,000‑meter lateral section at the first horizontal well is underway, with numerous mud gas shows recorded. The lateral may be extended, and the well is expected to be brought ons...

Criterium Energy Ltd (TSX-V: CEQ): Gas development on track. Capex to ...

• Pipeline construction for the SE-MGH 5–7 mmcf/d development is scheduled to begin in early 2026, with first gas expected in 1H26. Capex has been reduced further to US$2–3 mm (from US$2.5–4 mm), of which US$1.7 mm has already been spent. The subsequent North MGH development (incremental capex of ~US$1 mm) would lift total production to 7–10 mmcf/d. • The company now expects gas prices of US$6-7/mc, in line with recent South Sumatra sales, versus the prior assumption of US$5–7/mcf. • Criterium h...

NCS October production: oil and gas slightly lower than expected

EnQuest plc: RBL refinancing improves liquidity and paves the way for ...

Our credit view of the issuer reflects its established presence in the UK continental shelf, its high direct operational control, offset by its small scale and largely end of life assets.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Eircom, EVOCA, Altice France (SFR), Stada, TGS ASA, EnQuest Plc, Crown Holdings, Alain Afflelou, Manuchar, Asmodee, Novelis, Arxada, Ahlstrom, AMS Osram, Ardagh Metal Beverage Packaging, Odigeo, Motel One

Moody's Ratings affirms EnQuest's B3 CFR, outlook is stable

Moody's Ratings (Moody's) has today affirmed EnQuest plc's (EnQuest) corporate family rating (CFR) of B3, along with the company's probability of default rating (PDR) of B3-PD. Concurrently we affirmed the Caa1 rating of the existing $465 million backed senior unsecured notes due 2027 and issued by ...

Energy Morning - 18 November 2025

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: InRetail RE, Frontera Energy, LATAM Airlines, Rumo, Azul, Votorantim, Vale, JBS, Ecopetrol, Cosan SA

Valeura Energy (TSX: VLE): Operations and financials on track. Materia...

• The 3Q25 production and cash position at the end of September had been previously disclosed. • November production to date has averaged 24,537 bbl/d, exceeding the 3Q25 average of ~23 mbbl/d. • The FY25 production guidance of 23-25.5 mbbl/d has been re-iterated. • Valeura has completed a scheduled underwater survey of the sub-sea structural components. No anomalies were identified, reaffirming the facility’s integrity. Following redevelopment, production is expected to reach ~10 mbbl/d in 2H27...