Professional
Added to YB: 2024-10-21
Pitch date: 2024-10-16
VAR.OL [bullish]
Vår Energi AS
+11.08%
current return
Author Info
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Company Info
Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway.
Market Cap
NOK 8.4B
Pitch Price
NOK 28.93
Price Target
N/A
Dividend
11.80%
EV/EBITDA
2.17
P/E
14.62
EV/Sales
1.70
Sector
Oil, Gas and Consumable Fuels
Category
N/A
Show full summary:
Palm Harbour Capital Portfolio Holding: Vår Energi AS
VAR.OL: Norwegian O&G operator. Q3 production 293 kboepd, costs $12.2/barrel. New CEO promising. Balder X FPSO delayed to Q2 2025. Stock -13% on oil price drop ($87 to $72) & China demand concerns. Long-term $65 oil price view. Gas-heavy portfolio advantageous in Europe. Remain bullish despite short-term headwinds.
Read full article (1 min)