Tethys Oil: Q4 production in line with expectations - ABG - Börskollen
Börskollen - Aktier, fonder och ekonominyheter

Börskollen

För dig med koll på börsen

Aktieanalys

Tethys Oil: Q4 production in line with expectations - ABG

{newsItem.title}

Q4 trading update in line
'24e slightly down on lower oil price and production
P/NAV of 0.52x, discounts Brent to USD 55/bbl


Q4'23 production in line with expectations

Tethys Oil recently pre-announced its production numbers for Q4, which were in line with our estimates. Net production was 8.4kboe/d vs. ABGSCe of 8.4kboe/d, and the net entitlement was 4.4kboe/d, also in line with ABGSCe of 4.4kboe/d. This was expected given the monthly production updates Tethys is providing. We now estimate FY'23 production of 8.83kboe/d, which is slightly below the mid-range of the current FY'23 guidance of 8.8-9.0kboe/d. For Q4, we now forecast revenues and EBITDA of USD 36.3m and USD 20.1m, respectively. During the quarter, Tethys also distributed SEK 2/sh in cash dividend to its shareholders.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/tethys-oil/Equity-research/2024/1/tethys-oil---q4-production-in-line-with-expectations/

Nyheter om Tethys Oil

Läses av andra just nu

Om aktien Tethys Oil

Senaste nytt