Added to YB: 2023-12-05
Pitch date: 2023-12-02
OKEA.OL [bullish]
OKEA ASA
-33.18%
current return
Author Info
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Company Info
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.
Market Cap
NOK 2.6B
Pitch Price
NOK 32.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.40
P/E
-2.17
EV/Sales
0.28
Sector
Oil, Gas and Consumable Fuels
Category
value
Show full summary:
Winter is coming …
$OKEA: Undervalued Norwegian E&P, $310M mkt cap, 23 kboepd prod, 12.5% div yield. Overreaction to Statfjord deal delay is buying opp. Strong FCF, neg net debt, 1.65 P/FCF. Contrarian energy play on low valuation, sector tailwinds of robust demand, OPEC+ cuts, cold EU winter.
Read full article (4 min)