Updating forecasts for revised commodity price deck
We update our estimates and valuation to reflect Exane BNPP''s latest oil price forecasts. Our 2022 Brent oil price forecast increases to US$72.5/bbl from US$67.5/bbl, increasing our 2022 operating cash-flow forecast by ~US$1m, but our long-term (2023+) forecast remains unchanged at US$60/bbl. We also roll forwards the discount date for our NAV to 1 January 2022.
Limited leverage to oil prices, therefore our valuation range remains unchanged
....
13 Oct 2021
Updating oil prices, no change to valuation range
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Updating oil prices, no change to valuation range
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.36m
- Published:
13 Oct 2021 -
Author:
Martin Thomas MT -
Pages:
17
Updating forecasts for revised commodity price deck
We update our estimates and valuation to reflect Exane BNPP''s latest oil price forecasts. Our 2022 Brent oil price forecast increases to US$72.5/bbl from US$67.5/bbl, increasing our 2022 operating cash-flow forecast by ~US$1m, but our long-term (2023+) forecast remains unchanged at US$60/bbl. We also roll forwards the discount date for our NAV to 1 January 2022.
Limited leverage to oil prices, therefore our valuation range remains unchanged
....