Professional
Added to YB: 2024-02-27
Pitch date: 2024-02-27
DNO.OL [bullish]
DNO ASA
+102.16%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their newsletter.
Company Info
DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.
Market Cap
NOK 1.5B
Pitch Price
NOK 7.59
Price Target
17.98 (+17%)
Dividend
8.40%
EV/EBITDA
5.81
P/E
-16.06
EV/Sales
2.95
Sector
Oil, Gas and Consumable Fuels
Category
value
$DNO: Ready to Supercharge Earnings
DNO.OL: Undervalued O&G co. w/ $830M cap, $150M net cash, trading at a discount due to Kurdistan exposure. Shifting to North Sea w/ 100 mmboe reserves added. Key catalyst: Iraq-Turkey pipeline reopening could double EBITDA. Now <2x 2024e EV/EBITDA, 50-200% upside potential + $300M+ receivables from KRG.
Read full article (6 min)