2019 was a tough year for President, with performance affected by extensive production outages in Argentina and the US, and the imposition of a price cap on Argentine domestic crude prices that saw the company shift its investment focus away from oil towards gas. Key items of its FY19 results had already been released, so the market shouldn’t be surprised by headline figures that show a large loss following a non-cash impairment. More important is the progress made with the balance shee
22 Jun 2020
President Energy - 2019 results
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President Energy - 2019 results
Molecular Energies PLC (MEN:LON) | 11.5 0 0.0% | Mkt Cap: 1.42m
- Published:
22 Jun 2020 -
Author:
Jonathan Wright -
Pages:
9
2019 was a tough year for President, with performance affected by extensive production outages in Argentina and the US, and the imposition of a price cap on Argentine domestic crude prices that saw the company shift its investment focus away from oil towards gas. Key items of its FY19 results had already been released, so the market shouldn’t be surprised by headline figures that show a large loss following a non-cash impairment. More important is the progress made with the balance shee