AUCTUS PUBLICATIONS
________________________________________
Looking at E&P Free Cash Flow - While companies still carry hedges contracted at lower prices, we estimate our producer universe will generate ~25% FCF yield (defined as FCF/EV) in 2022 at ~US$100/bbl. At just US$70/bbl, the overall FCF yield is estimated at 15% for 2023 and >20% for 2024. Assuming US$110/bbl, this increases further to ~40% for each of 2023 and 2024. At YE24, balance sheet net cash, after paying shareholder distributio ....
07 Apr 2022
Auctus on Friday - 08/04/2022
Sound Energy plc (SOU:LON), 0.8 | OMV AG (OMV:WBO), 0 | ShaMaran Petroleum Corp. (SNM:TSX), 0 | Caspian Sunrise PLC (CASP:LON), 3.0 | First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK:LON), 2,606 | Shell Plc (SHEL:LON), 2,892 | Repsol SA (REP:MCE), 0 | Star Energy Group PLC (STAR:LON), 11.5 | Eni S.p.A. (ENI:MIL), 0 | Echo Energy PLC (ECHO:LON), 0.0 | i3 Energy Plc (I3E:LON), 12.8 | Canacol Energy Ltd. (CNE:TSE), 0 | Alvopetro Energy Ltd. (ALV:TSX), 0 | SDX Energy PLC (SDX:LON), 3.6 | GeoPark Ltd (GPRK:NYS), 0 | Longboat Energy Plc (LBE:LON), 16.8 | ADX Energy Ltd (ADX:ASX), 0 | Arrow Exploration Corp. (AXL:TSX), 0 | Calima Energy Ltd (CE1:ASX), 0 | Panoro Energy ASA (PEN:OSL), 0 | PetroTal Corp. (TAL:TSE), 0 | Pharos Energy PLC (PHAR:LON), 23.4 | Tethys Oil AB (TETY:OME), 0 | VAALCO Energy, Inc. (EGY:NYS), 0 | Allianz SE (0M6S:LON), 0 | Eni S.p.A. (0N9S:LON), 0 | GeoPark Ltd (0MDP:LON), 0 | OMV AG (0MKH:LON), 0 | Pennant International Group plc (PEN:LON), 28.5 | Repsol SA (0NQG:LON), 0 | Tethys Oil AB (0A1V:LON), 4,800
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Auctus on Friday - 08/04/2022
Sound Energy plc (SOU:LON), 0.8 | OMV AG (OMV:WBO), 0 | ShaMaran Petroleum Corp. (SNM:TSX), 0 | Caspian Sunrise PLC (CASP:LON), 3.0 | First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK:LON), 2,606 | Shell Plc (SHEL:LON), 2,892 | Repsol SA (REP:MCE), 0 | Star Energy Group PLC (STAR:LON), 11.5 | Eni S.p.A. (ENI:MIL), 0 | Echo Energy PLC (ECHO:LON), 0.0 | i3 Energy Plc (I3E:LON), 12.8 | Canacol Energy Ltd. (CNE:TSE), 0 | Alvopetro Energy Ltd. (ALV:TSX), 0 | SDX Energy PLC (SDX:LON), 3.6 | GeoPark Ltd (GPRK:NYS), 0 | Longboat Energy Plc (LBE:LON), 16.8 | ADX Energy Ltd (ADX:ASX), 0 | Arrow Exploration Corp. (AXL:TSX), 0 | Calima Energy Ltd (CE1:ASX), 0 | Panoro Energy ASA (PEN:OSL), 0 | PetroTal Corp. (TAL:TSE), 0 | Pharos Energy PLC (PHAR:LON), 23.4 | Tethys Oil AB (TETY:OME), 0 | VAALCO Energy, Inc. (EGY:NYS), 0 | Allianz SE (0M6S:LON), 0 | Eni S.p.A. (0N9S:LON), 0 | GeoPark Ltd (0MDP:LON), 0 | OMV AG (0MKH:LON), 0 | Pennant International Group plc (PEN:LON), 28.5 | Repsol SA (0NQG:LON), 0 | Tethys Oil AB (0A1V:LON), 4,800
- Published:
07 Apr 2022 -
Author:
Stephane Foucaud -
Pages:
11
AUCTUS PUBLICATIONS
________________________________________
Looking at E&P Free Cash Flow - While companies still carry hedges contracted at lower prices, we estimate our producer universe will generate ~25% FCF yield (defined as FCF/EV) in 2022 at ~US$100/bbl. At just US$70/bbl, the overall FCF yield is estimated at 15% for 2023 and >20% for 2024. Assuming US$110/bbl, this increases further to ~40% for each of 2023 and 2024. At YE24, balance sheet net cash, after paying shareholder distributio ....