Research that is free to access for all investors. Companies commission these providers to write research about them.
Brokers who write research on their corporate clients and make it available through our main bundle offering.
Research that is paid for directly by asset managers. Only accessible to institutional investors permissioned for access.
Event in Progress:
Discover the latest content that has just been published on Research Tree
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.80 per share: Another positive operating update – The work-overs of two new existing wells have added 441 boe/d after a combined 20 m of previously unperforated reservoir pay was accessed. The first well is producing 410 boe/d. It was previously shut-in. The second well is producing an extra 31 boe/d (+65%) and continues to clean-up. With a total cost of 100 wells on Condor’s fields includ
Companies: PEN EQNR NZ ENI SEI OKEA GALP REP AKRBP CDR NZ SHELL AKERBP REP BP/ EOG SQZ DELT NOG TETY TOU AOI SEPL TTE PEN ENI EQNR VAR TETY GALP OKEA EGY
Auctus Advisors
AUCTUS PUBLICATIONS ________________________________________ GeoPark (GPRK US)C; Target price US$26 per share: Downtime and blockades continue to impact production. All eyes on Argentina – 3Q24 production was 33,215 boe/d with production in Colombia still impacted by downtime and blockades (we expected 34.6 mboe/d). Production at Llanos-34 continues to decline. Production in Brazil remains shut-in. GeoPark had highlighted these downside risks in August. This was partially offset by (1) high prod
Companies: EQNR ALV GPRK OMV REP GKP OMV ALV PXT TAL SHELL PNOR REP ZPHR TETY MATD PNOR EQNR VAR TETY
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target of A$0.75 per share: Diversified and high impact newsflow over the balance of 2024 – ADX has confirmed a very busy programme of activity from September. The overall unrisked value of the programme is ~A$1.70 per share, which represents 17x the current share price. In early September, ADX will drill the Anshof-2A side track. The well is expected to intersect thick Eocene reservoirs similar to that encountere
Companies: EOG TCF VAR EQNR EQNR WDS GALP GALP ATOM GPRK CHAR PANR KAR ENI ENI REP REP TTE ZPHR ADX 3BE
AUCTUS PUBLICATIONS ________________________________________ PetroTal (PTAL LN/CN)C; Target price of £1.50 per share: Unrestricted cash position increased by >30% during the last quarter – 2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d. A brief river blockade impacted production but production in June was 20,555 bbl/d. All regulatory approvals for the pilot to sell 100 mbbl of production through Ecuador have now be
Companies: ENI OKEA TAO GALP REP AKRBP TAO TAL DNO PNOR REP ZPHR TETY PNOR ENI VAR TETY VLE GALP DNO OKEA
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; Target price of NOK52 per share: About to commence drilling in EG – The drilling rig has arrived in EG. The drilling campaign is about to commence. It will include two development wells plus an exploration well at the high impact Akeng Deep prospect. Serica Energy (SQZ LN)C: target price of £2.90 per share: RBL redetermination – Reflecting the increased reserves, the borrowing base has been increased from US$
Companies: PEN XOM ALV BNL REP AKRBP ALV MCF SHELL REP SQZ CASP NTVO CRN PEN XOM
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$1.00 per share: Important step to unlock Sicily – The Italian ministry has informed ADX that it will be granted the d 363C.R-.AX gas exploration permit in the Sicily Channel. In addition, the Regional Administrative Court of Rome has annulled the Plan for the Sustainable Energy Transition of Eligible Areas that prevented the oil redevelopment, appraisal and exploration activities on the licence.
Companies: SOU SOU NOG VAR TCFF SQZ OKEA OKEA ITH REP REP EQNR EQNR ENI ENI AKRBP TTE RHC RHC LNGE SEI ADX GPRK PEN PEN ZPHR 3BE
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$1.00 per share: Restarting production at Anshof – The Permanent Production Facility (PPF), with a capacity of 3,000 bbl/d of liquids, has been commissioned and the Anshof-3 well has recommenced production at a rate of 134 bbl/d with no water. The operation has been undertaken in line with expectations and within budget. The oil production rate at Anshof-3 is 16% above the rate prior to shut-in. A
Companies: ENI CVX GPRK OMV ADX REP AKRBP MAHAA OMV JSE PXT TXP TAL PNOR REP CASP CHAR PNOR ENI VAR VLE MAHAA CVX
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of £A$0.65 per share: Drilling update in Austria - Drilling operations at the high impact Welchau prospect are now expected to commence on 24 February with a duration of ~39 days. ADX will now use the RED E200 rig instead of RED E202. Arrow Exploration (AXL LN/CN)C; target price of £0.60 per share: Successful appraisal drilling expected to boost reserves – The CN-5 well encountered 45 feet of Ubaque
Companies: PEN GPRK ADX REP AXL REP TETY GPRK PRD PEN GTE TETY VLE ATOM KIST
AUCTUS PUBLICATIONS ________________________________________ GeoPark (GPRK US)C; target price of US$24 per share: Further exploration success in Colombia – The Perico-1 exploration well at CPO-5 encountered hydrocarbons in the Barco (Guadalupe) formation. The well is currently producing 650 bbl/d of 14 deg API oil with 8% water cut. This is an important well that confirms the extension of the Llanos-34 Guadalupe play into CPO-5 and is probably derisking further prospects. This is the fifth disco
Companies: TCFF GPRK REP AKRBP MAHAA JSE PXT SOU DNO AKERBP REP ENW EOG HBR PHAR DELT ENOG SEA TETY GPRK TETY VLE DNO MAHAA EGY
AUCTUS PUBLICATIONS ________________________________________ Panoro Energy (PEN NO)C; target price of NOK50 per share: Production update in Gabon – BW Energy reported 3Q23 gross production of 23.2 mbbl/d at Dussafu. This is below our expectations of ~26 mbbl/d due to the period during which production was constrained at two wells due to ESP issues which have now been resolved. Current total Dussafu gross production, with all the Tortue and Hibiscus wells in operation, is ~35,000 bbl/d. Tethys O
Companies: AKRBP BWE CVX CVX ENI ENI EQNR EQNR HES HES IVZ NOG OKEA OKEA PEN PEN REP REP TETY TETY TTE VAR 3BE
AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C; target price of A$0.45 per share: Operating update in Canada – The 3-well Pisces drilling programme has now been completed. The wells have been drilled under budget. The Pisces#10 well is already in production and the production performance is in line with the Pisces#6 and Pisces#7 wells that delivered production significantly above the typical glauconitic production curve. Peak production at these new wells is
Companies: CEQ PNOR PNOR OKEA OKEA EOG ENI ENI AKRBP AKERBP MAHAA DEC SOU COPL ALV ALV CE1 TTE VLE GPRK GPRK ZPHR REP REP
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C: target price of A$0.08 per share: Transaction with MND receives Austrian Ministerial acceptance – ADX has received clearance from the ministry of finance in Austria for the partnership documentation between ADX, MND and Xstate Resources. This was a key condition precedent to completing the transaction. The transaction will provide funding for the drilling of key wells at Anshof that are expected to add reserves an
Companies: TXG ENI ALV ADX REP ALV AXL COPL JSE TXP ZEN TXG REP ENQ ENOG CNE PPCGF HE1 ENI
Despite the significant drop in net income, Repsol still beat the street consensus by 17% thanks to a strong upstream performance. Refining is coming back and, without any maintenance scheduled, Repsol will benefit from its strong refining system. Capital allocation is now receiving more attractive with the announcement of an additional share buyback program with 60 million shares and achieving its strategic plan well ahead of the deadline. The management will announce the new strategy plan in Q
Companies: Repsol (REP:BME)Repsol SA (REP:MCE)
AlphaValue
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: CN-2 flows at up to 1 mbbl/d. Focusing on developping the Ubaque at Carrizales Norte - The Carrizales Norte-2 well (CN-2) encountered 60’ of net pay in the Ubaque formation. The well has been put on production in the Ubaque with initial flow rates of 1,012 barrels of fluid per day. The water cut stabilized at 3% and the oil gravity is 13.6 API. The CN-2 well is currently
Companies: EQNR ENI OMV REP OMV AXL REP DELT NOG SDX BWE TTE ENI SEPLAT EQNR
Repsol adjusted net income beat estimates by 25% thanks to the support from the Industrial segment where the 29.5% beat compensated for a lower contribution from the upstream segment due to lower prices. A refining margin of above $15/bbl maintained the downstream profitability, yet the downside risk for cash flow persists due to lower gas prices in the US and narrowing product margins
Research Tree provides access to ongoing research coverage, media content and regulatory news on Repsol SA. We currently have 270 research reports from 5 professional analysts.
Sylvania delivered a 12% increase in Q125 production compared to Q424 and, with an average platinum group metals (PGM) basket price only slightly down, delivered a 10% increase in revenue. The company is guiding for FY25 production of 73,000–76,000oz. Costs were well controlled with South African rand (ZAR) direct operating costs 3% higher and US dollar costs up 6.5%. Attractive unit cost efficiencies of 5% to 8% were delivered. With results largely in line with our expectations, our forecasts r
Companies: Sylvania Platinum Ltd.
Edison
Companies: EUA SOLG GGP HUM CNR ARK
SP Angel
Companies: Condor Gold plc
** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Quantum Exponential Group (AQSE: QBIT) has delisted from AQSE What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 17th October 2024: Selkirk Group, a newly incorpo
Companies: SEE FTC BEM VAST NXQ MILA ONC CRDL
Hybridan
Companies: Diversified Energy Company PLC
Tennyson Securities
