Added to YB: 2026-09-15
Pitch date: 2026-09-12
VTURA.OL [bullish]
Ventura Offshore Holding Ltd.
-1.9%
current return
Author Info
No bio for this author
Company Info
Ventura Offshore Holding Ltd., a deep-water drilling contractor, provides offshore drilling services in deep and ultra-deep waters for the oil and gas industry in Brazil and internationally.
Market Cap
NOK 420.9M
Pitch Price
NOK 36.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.95
P/E
4.52
EV/Sales
1.68
Sector
Energy Equipment and Services
Category
special_situation
A Merger That Creates One of Offshore's Cheapest Dividend Stories - Ventura Offshore Holding Ltd.
VTURA.OL: Added Ventura following its proposed all-share merger with SED Energy, which addresses the April 2027 bond-refinancing overhang and creates a larger, more liquid offshore company trading near 4x EV/EBITDA versus 7-8x for larger U.S.-listed peers. Illustrative distributable cash flow of NOK 1.4-2.6 per share implies a 19-36% yield, while key risks are Catarina’s recontracting, SED’s delayed tenders, yard capex and the still-adjustable exchange ratio.
Read full article (11 min)