|Nostrum Oil & Gas
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Nostrum Oil Share Discussion Threads
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|Looks like this could turn Monday. Will be interesting to see if it responds to the apex in a similar fashion as before.|
|US inventories jump to 4.1m barrels.|
|Chart patterns suggest this is going to make a flag in the near term. If it can complete to its target just above 477, this confirms the longer term INVH&S with a tp around 658. Historical resistance shown in orange. imo
Near term. Breakaway gap around 365 providing support.|
|Been waiting for a blog to start that's Henry!|
|Overlooked in my opinion. 2018 forecast P/E 6.3
Deutsche Bank has upgraded Nostrum Oil and Gas to 'buy' from 'hold' and upped its price target to 535p from 400p.
The company's recent inclusion in the FTSE 250 index provides a unique opportunity for investors to gain direct exposure to the Kazakhstan oil sector, the bank said.
Nostrum was felt to be "nearing the end of its execution story and entering a period of delivery of significant production and cash flow growth", with Deutsche forecasting a compound annual growth rate (CAGR) for 2016-2020 of 26% and 36% respectively.
Analysts also expect the discount applied during its investment phase to unwind further in 2017 as its third unit of the gas treatment facility (GTU3) comes online and its cash cycle turns positive.
The GTU3 facility is in line for completion in the first half of 2017 in the Chinarevskoye field. Drilling operations should recommence as it looks to fill the GTU3 expansion which will boost processing capacity to around 100 kilo-barrels of oil per day (kboe/d).
The broker feels the company can reach its target by the end of 2019 based on its third quarter development well results in 2016 which exceeded its expectations.
With the management team committed to returning excess cash to shareholders and an executive chairman who retains around 13% holding, scope for significant dividend reinstatement over the 2018-2020 period is very likely according to the bank.
|Youtube Introduction to Nostrum: hTTps://www.youtube.com/watch?v=GKd395pFBj0
Board of Directors: hTTp://nostrumoilandgas.com/en/board-of-directors
Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum is the Chinarevskoye field, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated approximately 60 and 120 kilometres respectively from the Chinarevskoye field.
The Company is building a short pipeline to provide access to the KTO pipeline* for its crude oil transportation. This pipeline will be completed at a total cost of US$10m and is expected to be operational by Q2 2017.
*KazTransOil (KTO) pipeline due for completion by Q2 2017 and will bring significant cost reductions for crude oil transportation.
Based on the current drilling programme (Oct 2016) stated above and taking into account the current oil price we reaffirm our production guidance below.
2016 – Approximately 40,000 boepd
2017 – 40,000 – 60,000 boepd
2018 – 60,000 – 90,000 boepd
2019 – 90,000 – 100,000 boepd
Should oil prices deviate materially the production guidance will be updated accordingly.
Company Website: hTTp://nostrumoilandgas.com/en|
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