Zooming on growing cashflow
• Since the announcement of the negative result at the Hibiscus extension appraisal, the share price has dropped ~NOK5 per share. This is much more than the value we attributed to the well (~NOK3 per share). In addition, our Core NAV before the announcement was slightly above the share price (pre announcement). In theory, this should have suggested that the well was not be priced in the share at the time. As a result, the recent share price movement looks exaggerated ....
11 May 2021
Panoro Energy ASA (OSE: PEN): Zooming on growing cashflow
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Panoro Energy ASA (OSE: PEN): Zooming on growing cashflow
- Published:
11 May 2021 -
Author:
Stephane Foucaud -
Pages:
5
Zooming on growing cashflow
• Since the announcement of the negative result at the Hibiscus extension appraisal, the share price has dropped ~NOK5 per share. This is much more than the value we attributed to the well (~NOK3 per share). In addition, our Core NAV before the announcement was slightly above the share price (pre announcement). In theory, this should have suggested that the well was not be priced in the share at the time. As a result, the recent share price movement looks exaggerated ....