It was a challenging first half operationally for President, with production declining sharply due to outages in Argentina and Louisiana. The financial results held up well, but the operational challenges have persisted into H2. Output is expected to resume in October, but our production estimates are too high and we have placed our forecasts under review. The Argentine business environment remains challenging, and President is looking to pivot away from the country and towards green/alternative ....
27 Sep 2022
President Energy - Interim results
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President Energy - Interim results
Molecular Energies PLC (MEN:LON) | 11.5 0 0.0% | Mkt Cap: 1.42m
- Published:
27 Sep 2022 -
Author:
Jonathan Wright -
Pages:
9
It was a challenging first half operationally for President, with production declining sharply due to outages in Argentina and Louisiana. The financial results held up well, but the operational challenges have persisted into H2. Output is expected to resume in October, but our production estimates are too high and we have placed our forecasts under review. The Argentine business environment remains challenging, and President is looking to pivot away from the country and towards green/alternative ....