Energean Share Discussion Threads

[tigerbythetail] 15/6/2025 16:58:14

Yes, it's a target. But I question whether Iran has the capacity to hit it. And it isn't immediately relevant militarily - if they did have missiles with enough range and accuracy to hit such a relatively small target, I think they'd aim at Israel's airfields first.
On balance, I think unlikely.
I'm half-expecting this to end in regime collapse in Teheran. I do not regard Israel in a positive light, but nobody will be sad to see the back of the mullahs.

[chutes01] 13/6/2025 13:37:15

Great short over weekend
Mothballing the asset is an admission that’s it’s a target
A sitting duck bomb
Personnel all safe
Tehran will be all over it

[hsfinch] 13/6/2025 10:41:22

Israeli air strike on Iran very positive for oilies...except for ENOG. Iran has to respond. Karish and Tamar would be great targets. ENOG could fall very big indeed.

[chutes01] 13/6/2025 10:31:50

S/D
Personnel off
Iranians will take the asset out
Make no mistake
Enog going to 40p

[rbewes] 13/6/2025 09:15:59

Temporary suspension of production from the Energean Power FPSO

London, 13 June 2025 - Energean plc (LSE: ENOG, TASE: אנא;ג) confirms that it received notice from the Ministry of Energy and Infrastructure on 13 June 2025 ordering the temporary suspension of production and activities of the Energean Power FPSO, following the recent geopolitical escalation in the region.

The safety of Energean's staff is our top priority. All production activities have now been temporarily suspended and notices have been issued to Energean's customers and other stakeholders.

Energean maintains a close dialogue with the Ministry of Energy and Infrastructure and other relevant stakeholders to facilitate the safe resumption of production as soon as possible.

Further updates will be provided as they become available.

[chutes01] 13/6/2025 08:32:02

Iranians won’t spare it

[adam] 21/5/2025 15:29:40

Nah. Reports of Israel about to launch an attack on Iran. Which might make ENOG assets a target. In my opinion…

[liam1om] 21/5/2025 13:56:54

Something to do with Israeli sanctions possibly?

[jsg123] 21/5/2025 13:29:08

Anyone know what's going on here today?

[cat33] 18/5/2025 12:10:03

Tidying uphttps://oilman.beehiiv.com/p/oilman-jim-s-letter-may-18-2025Nice piece on the Anchois disposal

[this_is_me] 02/5/2025 08:39:56

The fall in the USD is not helping the huge dividend.

[wbodger] 28/4/2025 22:58:59

"increases Carmichael’s 2025 and 2026 production forecasts by 36% and 28%" makes me wonder whatever was the rationale for selling the assets to Carlyle? Anyone know?

[pj84] 23/4/2025 10:50:50

Berenberg upgrades ‘resilient’ Energean

Berenberg has upgraded Energean (ENOG), describing the gas producer as ‘resilient to current volatility’.

Analyst James Carmichael moved his recommendation from ‘hold’ to ‘buy’ and increased the target price from 940p to £10.00 on the Citywire Elite Companies AAA-rated stock, which was trading up 1.3% at 854p on Tuesday. It is down 20% this year.

Carmichael noted that only 20% of Energean’s production is exposed to spot pricing, ‘insulating the company from short-term commodity price volatility’.

A proposed deal to sell its oil and gas portfolio in Egypt, Italy and Croatia to Carlyle International Energy Partners was recently called off. Now these assets are back in the Energean fold, Carmicheal said it ‘improves near-term cashflow and dividend capacity in the business, although the $200m special dividend will now probably not be paid’.

Adding back the disposal assets increases Carmichael’s 2025 and 2026 production forecasts by 36% and 28%, respectively. He suspects the higher revenues can drive earnings, resulting in a target price increase and upgrade.

[888icb] 14/4/2025 18:05:54

5.3% rise today on the back of this morning’s RNS:
“ New GSPA Signed

London, 14 April 2025 - Energean plc (LSE: ENOG, TASE: אנא;ג) is pleased to announce that Energean Israel Limited ("Energean Israel") has signed a new Gas Sale and Purchase Agreement ("GSPA") with Kesem Energy Ltd ("Kesem").

The contract is for the supply of gas to Kesem's new power plant, which is estimated to be operational before the end of the current decade[1]. Contracted supply is ~1 bcm/yr from around the middle of the 2030s until the end of the contract period. Prior to this, Energean Israel will supply limited quantities of gas intermittently. The contract[2] represents over $2 billion in revenues and ~12.5 bcm in contracted supply over the ~17 year period.

The contract contains provisions regarding floor pricing, take or pay and price indexation (not Brent-price linked). The GSPA has been signed at levels that are in line with the other large, long-term contracts within Energean's portfolio.

Mathios Rigas, Chief Executive Officer of Energean, commented:
"We are pleased to announce the signing of another new contract, this time with Kesem, whose new planned power plant demonstrates the robust and growing long-term demand for natural gas in Israel. Energean has been a major underwriter of both energy security and transition in Israel and the broader region. We are delighted to continue to meet the needs of Israeli clients and society.

"This contract also reflects our long-stated commitment to securing stable and reliable long-term cash flows. We have now secured around $20 billion in contracted revenues over the next two decades.

"Our strategy emphasises stability and resilience, evidenced by the fact that over 75% of our Group production contains floor pricing. This approach safeguards our operations and investments against global financial and commodity price volatility. It is and remains one of the core tenets of our strategy and investment thesis."

[hsfinch] 06/4/2025 09:09:26

Wow. Stock price at 3 year low. On the one hand, you could wake up one morning to discover them Houthis have scored a direct hit on ENOG's FPSO. On the other hand, you could find that Trumpy has started a war with Iran and oil price has surged over a hundred bucks. The problem for ENOG is it could well be both. If you think war is round the corner, better pick an oilie who's main asset aint in the middle of the war zone.

[marine boy] 31/3/2025 13:42:17

Be interesting to see what their future dividend policy will be now that the Carlyle deal is no more. My guess is that the next dividend will be >30c (23p at current exchange rates) due to the continued revenues enjoyed from Egypt, Italy and Croatia & the doubling of gas prices over the course of the last year. Never too happy with the special dividend as jumping on board for a divi is often lost with the capital destruction following ex-dividend day.

[this_is_me] 31/3/2025 13:20:15

Another dividend safely in my ISA

[marine boy] 28/3/2025 13:37:59

Energean directors buy shares worth just under GBP3 million in total.
Now that's confidence imo.

Dividend payment on Monday.

GLA

[this_is_me] 27/3/2025 11:09:33

Yes, just before exd.

[marine boy] 26/3/2025 23:05:14

He picked the wrong share to short at the current price. Directors piling in like there's no tomorrow. Never seen anything like it.

[this_is_me] 26/3/2025 21:58:04

A quick look at t0pgrader's posts shows that he only shorts various shares and doesn't seem to invest in any companies.

I have just filtered him.

[marine boy] 26/3/2025 09:14:54

888p magic number

[adam] 26/3/2025 07:36:20

Now that’s a vote of confidence!

[marine boy] 25/3/2025 12:49:43

I'm only fearful of your short position. share price rising nicely today.

[t0pgrader] 25/3/2025 12:37:54

Omg that's hilarious. You are in denial about the facts and go personal. Hmmm maybe that is fear