Professional
Added to YB: 2024-03-22
Pitch date: 2024-03-17
DNO.OL [bullish]
DNO ASA
+97.3%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
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 7.78
Price Target
N/A
Dividend
8.40%
EV/EBITDA
5.81
P/E
-16.06
EV/Sales
2.95
Sector
Oil, Gas and Consumable Fuels
Category
value
Idea Brunch with Toff Capital: DNO ASA - $DNO.OL
DNO.OL: Norwegian O&G co trades at <2x '24 EV/EBITDA w/ net cash & strong FCF. Kurdistan exposure dragged valuation but North Sea pivot ongoing. Iraq-Turkey pipeline reopening could supercharge earnings to <1x EV/EBITDA. $300M receivable on $800M mkt cap.
Read full article (3 min)