San Leon, with a world class asset in Nigeria, is in a strong financial position given it has cash on the balance sheet and no debt - rare amongst peers. The stock has been a significant outperformer over the last couple of years (+27% TSR vs. Main Market E&Ps -37%) given a shareholder-friendly distribution policy. SLE is looking to add value and cashflow to strengthen the dividend policy further after its maiden 6p/sh dividend in May 2020. In total, the Company has returned US$66mm to sharehold ....
01 Apr 2021
Focused on cash returns to shareholders
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Focused on cash returns to shareholders
San Leon Energy Plc (SLE:LON) | 16.5 0 0.0% | Mkt Cap: 74.2m
- Published:
01 Apr 2021 -
Author:
Anish Kapadia | Jay Ashfield -
Pages:
65
San Leon, with a world class asset in Nigeria, is in a strong financial position given it has cash on the balance sheet and no debt - rare amongst peers. The stock has been a significant outperformer over the last couple of years (+27% TSR vs. Main Market E&Ps -37%) given a shareholder-friendly distribution policy. SLE is looking to add value and cashflow to strengthen the dividend policy further after its maiden 6p/sh dividend in May 2020. In total, the Company has returned US$66mm to sharehold ....