Added to YB: 2026-05-27
Pitch date: 2026-03-26
PEN.OL [bullish]
Panoro Energy ASA
-0.16%
current return
Author Info
No bio for this author
Company Info
Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.
Market Cap
NOK 449.8M
Pitch Price
NOK 32.05
Price Target
N/A
Dividend
7.92%
EV/EBITDA
24.86
P/E
-8.86
EV/Sales
3.18
Sector
Oil, Gas and Consumable Fuels
Category
value
Panoro Energy ASA - $PEN.OL
PEN.OL: Acquired 40.375% Block G (EQ Guinea) from Kosmos for $180M ($3.91/2P bbl vs $8.2 trading multiple, 52% discount). Doubles production to 15-17k bopd 2026, 20k 2027. Pro forma 3.3x 2026 EBITDA, 25-30% FCF yield 2027. Returned NOK845M (22% mkt cap) since 2023. Catalysts: deal close mid-2026, MaBoMo Phase 2 oil H2 2026, EG-23 exploration (104MMbbl free option), EG Ronda licensing Apr 2026. PSC to 2040, rapid deleveraging path.
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