No surprises with President’s interims as most key numbers were pre-announced in early August. Still, good progress was achieved in H1 despite a challenging operational and political backdrop, with floods and power outages impacting output, while more recently the re-imposition of Argentine pricing controls for crude oil has weighed on the shares. Our estimates and price target remain under review while we update our model for the temporary pricing controls and the investment pivot towa
30 Sep 2019
President Energy - Interim results
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President Energy - Interim results
Molecular Energies PLC (MEN:LON) | 7.0 0 0.0% | Mkt Cap: 0.87m
- Published:
30 Sep 2019 -
Author:
Jonathan Wright -
Pages:
9
No surprises with President’s interims as most key numbers were pre-announced in early August. Still, good progress was achieved in H1 despite a challenging operational and political backdrop, with floods and power outages impacting output, while more recently the re-imposition of Argentine pricing controls for crude oil has weighed on the shares. Our estimates and price target remain under review while we update our model for the temporary pricing controls and the investment pivot towa