Wentworth Resources (WEN LN)C; Target price £0.40: 20% dividend increase is a testament to Wentworth’s strength – Without much surprise, given the slow pick-up in gas demand in the aftermath of COVID-19, FY20 production guidance has been marginally reduced from 65-75 mmc/f to 60-70 mmcf/d. Production has already increased to ~68 mmcf/d over July and August, including ~72 mmcf/d for August. Importantly, with US$16.7 mm in cash at the beginning of September and no debt, the company is increasing i ....
04 Sep 2020
Auctus on Friday - 04/09/2020
EnQuest PLC (ENQ:LON), 15.4 | Gulf Keystone Petroleum Limited (GKP:LON), 111 | Jadestone Energy PLC (JSE:LON), 27.0 | Reabold Resources plc (RBD:LON), 0.1 | Maha Energy AB Class A (0GEA:LON), 0 | Harbour Energy Plc (HBR:LON), 285 | Africa Oil Corp. (AOI:TSE), 0 | Genel Energy PLC (GENL:LON), 83.8
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Auctus on Friday - 04/09/2020
EnQuest PLC (ENQ:LON), 15.4 | Gulf Keystone Petroleum Limited (GKP:LON), 111 | Jadestone Energy PLC (JSE:LON), 27.0 | Reabold Resources plc (RBD:LON), 0.1 | Maha Energy AB Class A (0GEA:LON), 0 | Harbour Energy Plc (HBR:LON), 285 | Africa Oil Corp. (AOI:TSE), 0 | Genel Energy PLC (GENL:LON), 83.8
- Published:
04 Sep 2020 -
Author:
Stephane Foucaud -
Pages:
5
Wentworth Resources (WEN LN)C; Target price £0.40: 20% dividend increase is a testament to Wentworth’s strength – Without much surprise, given the slow pick-up in gas demand in the aftermath of COVID-19, FY20 production guidance has been marginally reduced from 65-75 mmc/f to 60-70 mmcf/d. Production has already increased to ~68 mmcf/d over July and August, including ~72 mmcf/d for August. Importantly, with US$16.7 mm in cash at the beginning of September and no debt, the company is increasing i ....