OIL SEARCH (AU), a company active in the Exploration & Production industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis...
                                                                                Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
                                                                                A director at Oil Search Limited maiden bought 30,000 shares at 1.832AUD and the significance rating of the trade was 53/100. 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 ye...
                                                                                Summary Marketline's Salvarx Group Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Salvarx Group Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic a...
                                                                                Our AUD 7.00 per share fair value estimate for no-moat Oil Search Limited stands. There has been no change to the status of major projects since a number of recent announcements already reported by us. These include the Papua LNG Project continuing to advance towards front end engineering and design, or FEED, entry with the associated gas agreement signed in April and the access agreement to the PNG LNG site and infrastructure ready for execution. Additionally, the Alaska Slope interests are bei...
                                                                                Our AUD 7.00 per share fair value estimate for no-moat Oil Search Limited stands. There has been no change to the status of major projects since a number of recent announcements already reported by us. These include the Papua LNG Project continuing to advance towards front end engineering and design, or FEED, entry with the associated gas agreement signed in April and the access agreement to the PNG LNG site and infrastructure ready for execution. Additionally, the Alaska Slope interests are bei...
                                                                                Oil Search bought its 25.5% Pikka Unit and 37.5% Horseshoe Block interests on Alaska’s North Slope approximately 18 months ago for USD 400 million or AUD 0.38 per share. Our fair value estimate had until recently carried the Alaska stakes at cost, before Oil Search flagged material though still unquantified exploration success, and we conservatively upgraded to USD 600 million or AUD 0.56 per share, equivalent to 8.0% of fair value overall. This equates to a value of USD 4.70 per barrel based ...
                                                                                Oil Search bought its 25.5% Pikka Unit and 37.5% Horseshoe Block interests on Alaska’s North Slope approximately 18 months ago for USD 400 million or AUD 0.38 per share. Our fair value estimate had until recently carried the Alaska stakes at cost, before Oil Search flagged material though still unquantified exploration success, and we conservatively upgraded to USD 600 million or AUD 0.56 per share, equivalent to 8.0% of fair value overall. This equates to a value of USD 4.70 per barrel based ...
                                                                                Oil Search shares are down approximately 20% from this time a year ago and now trade close to our unchanged AUD 7.00 fair value. PNG LNG comprises the lion's AUD 4.90 or 70% share of that fair value contributing 26 million barrels of oil equivalent, or mmboe, or 90% of Oil Search's current 29.5 mmboe in group annual production. But PNG LNG expansion plans are afoot, 100% risked in our base case, and could increase group equity production, by approximately 60% to 47mmboe. Considerable associated...
                                                                                Oil Search is an oil and gas producer based in Papua New Guinea, or PNG. Much of the company's perceived value is in substantial gas resources being gradually unlocked by LNG infrastructure. The USD 19 billion PNG liquefied natural gas, or LNG, plant went a long way towards countering stagnating traditional oilfield productivity monetising isolated, but high-quality, gas resources. PNG gas is liquids-rich, which increases its value, but the entire proposition carries substantial risk because of ...
                                                                                Oil Search shares are down approximately 20% from this time a year ago and now trade close to our unchanged AUD 7.00 fair value. PNG LNG comprises the lion's AUD 4.90 or 70% share of that fair value contributing 26 million barrels of oil equivalent, or mmboe, or 90% of Oil Search's current 29.5 mmboe in group annual production. But PNG LNG expansion plans are afoot, 100% risked in our base case, and could increase group equity production, by approximately 60% to 47mmboe. Considerable associated ...
                                                                                We increase our Oil Search fair value estimate by 6% to AUD 7.00 per share, as a result of both higher near-term Brent crude prices and the time value of money. We up our 2019 and 2020 Brent crude price forecasts by 9.1% and 9.6% to USD 68.15 per barrel and USD 67.65 per barrel, respectively, in line with the futures curve. Our long-term Brent price forecast is unchanged at USD 60 per barrel in 2021 dollars. Higher prices drive our 2019 and 2020 EPS forecasts 18% and 23% higher to AUD 0.35 and A...
                                                                                We increase our Oil Search fair value estimate by 6% to AUD 7.00 per share, as a result of both higher near-term Brent crude prices and the time value of money. We up our 2019 and 2020 Brent crude price forecasts by 9.1% and 9.6% to USD 68.15 per barrel and USD 67.65 per barrel, respectively, in line with the futures curve. Our long-term Brent price forecast is unchanged at USD 60 per barrel in 2021 dollars. Higher prices drive our 2019 and 2020 EPS forecasts 18% and 23% higher to AUD 0.35 and A...
                                                                                Oil Search is an oil and gas producer based in Papua New Guinea, or PNG. Much of the company's perceived value is in substantial gas resources being gradually unlocked by LNG infrastructure. The USD 19 billion PNG liquefied natural gas, or LNG, plant went a long way towards countering stagnating traditional oilfield productivity monetising isolated, but high-quality, gas resources. PNG gas is liquids-rich, which increases its value, but the entire proposition carries substantial risk because of ...
                                                                                We increase our Oil Search fair value estimate by 6% to AUD 7.00 per share, as a result of both higher near-term Brent crude prices and the time value of money. We up our 2019 and 2020 Brent crude price forecasts by 9.1% and 9.6% to USD 68.15 per barrel and USD 67.65 per barrel, respectively, in line with the futures curve. Our long-term Brent price forecast is unchanged at USD 60 per barrel in 2021 dollars. Higher prices drive our 2019 and 2020 EPS forecasts 18% and 23% higher to AUD 0.35 and A...
                                                                                We make no change to our AUD 6.60 per share fair value estimate. Oil Search reported 2018 NPAT up 13% to USD 341 million, in line with our expectations. We marginally reduce our 2019 EPS forecast to AUD 0.30 from AUD 0.31, following updated guidance for exploration and evaluation expenditure of USD 235-285 million, higher than we’d previously anticipated. Our 2019 production forecast is unchanged at 29.6 million barrels of oil equivalent, or mmboe, near the midpoint of 28.0-31.5 mmboe guidance...
                                                                                We make no change to our AUD 6.60 per share fair value estimate. Oil Search reported 2018 NPAT up 13% to USD 341 million, in line with our expectations. We marginally reduce our 2019 EPS forecast to AUD 0.30 from AUD 0.31, following updated guidance for exploration and evaluation expenditure of USD 235-285 million, higher than we’d previously anticipated. Our 2019 production forecast is unchanged at 29.6 million barrels of oil equivalent, or mmboe, near the midpoint of 28.0-31.5 mmboe guidance...
                                                                                We make no change to our AUD 6.60 per share fair value estimate. Oil Search reported 2018 NPAT up 13% to USD 341 million, in line with our expectations. We marginally reduce our 2019 EPS forecast to AUD 0.30 from AUD 0.31, following updated guidance for exploration and evaluation expenditure of USD 235-285 million, higher than we’d previously anticipated. Our 2019 production forecast is unchanged at 29.6 million barrels of oil equivalent, or mmboe, near the midpoint of 28.0-31.5 mmboe guidance...
                                                                                Summary Marketline's Tap Oil Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Tap Oil Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and in...
    
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