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Investor discussions on ADVFN regarding Energean Plc (ENOG) during the week of January 23 to January 30, 2025, were buoyed by an optimistic operational update reflecting robust trading performance for the fiscal year ending December 31, 2024. The company's group production reached 153 kboed, predominantly from gas (83%), marking a significant 24% increase year-on-year. This has sparked a generally positive sentiment among investors, highlighting a strong outlook for 2025 given the recent stabilization in the Middle East region.
Key comments from investors included recognition of the company's growth, with one user describing Energean as "an underloved gem," suggesting expectations of a stronger share price as geopolitical conditions improve. Another user noted the impressive year-end results and hinted at a forthcoming large special dividend, further enhancing positivity around the stock. Overall, the sentiment indicated a bullish outlook, with investors expressing confidence in the company's future performance and anticipating favorable developments in the marketplace.
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Energean Plc reported a robust performance driven by its core Israeli operations, with a significant increase in revenue for the year ending December 31, 2024. In its recent trading statement, the company highlighted that revenues reached $1.784 billion, reflecting a 26% year-on-year increase, while adjusted EBITDAX rose by 25% to $1.166 billion. The company attributed this financial success to its effective management amidst a challenging geopolitical environment and successful operations in Israel, which remains a vital component of its business strategy.
Additionally, Energean confirmed the completion of a significant asset sale, further reinforcing its focus on enhancing operational efficiency and growth potential in its primary markets. The upcoming release of its full-year results on March 20, 2025, is highly anticipated, as the company's ongoing commitment to growth and profitability will likely be a focal point for investors and stakeholders. CEO Mathios Rigas expressed pride in the team's performance and readiness to tackle the complexities of the energy sector moving forward.
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Utterly mind-boggling end to the week! |
4* |
4* |
Cracking set of results, underloved gem IMO and now that we have a slightly more stable situation in the middle east, I expect 2025 to be a much better one for the share price ;-) |
Very impressive update; large special dividend soon. |
28 Nov 2024 07:00 |
Drk |
Nope, not happy at all and in truth, modest production revisions aside, bit of a loss as to why, more especially now that a ceasefire is in operation. Can someone remind me when the special divi is expected?? |
Everyone still happy about collecting dividends here when you look at this capital destruction thereafter, every time. |
ex div of 30 US cents. |
It looks as if the trading share price is anticipating ex-div tomorrow. Last week's opening on Thursday does seem to have been caused by the trading statement that day. (Zico correct in #335.) |
Field wells underperforming now |
Bit slack from the BOD really considering they only narrowed the forecast 2 months ago to 155-160, and now revised it down to 150-155. |
Production forecast has fallen. Market very upset. No mercy for missed forecasts these days. |
It hasn't gone ex-div though. Not until next Thursday according to the RNS. Or am I missing something? Big drop today though. Certainly odd. It looks as if some traders sold ex-div but AFAIK that would be their choice to negotiate. |
Look what the share price did from the x dividend date in June, and this is a one off special. |
A dividend of around £1 a share (per year) means I am happy to hold long term. |
The main risk to buying here is from a military action, but then if you own other oilers they will compensate as oil itself will head up. The minor downgrade in production due to weather and an Israeli war economy seems trivial w.r.t. the value. I like the divis as my net risk exposure reduces over time. |
Come to the conclusion that waiting for dividends here are simply not worth it because you're always guaranteed significant capital losses. |
Mind boggling reaction to an overall great set of results and more than decent dividend! |
So predictable and as expected. |
I wouldn't at all be surprised if despite an agreed ceasefire , the great British stock market decides that the recent rise is enough reward to bake in the ceasefire, so we're going to drop you tomorrow. |
Looks to have coincided with the falls in gold and bitcoin as reports have suggested a ceasefire is likely in the Israel/ Hezbollah conflict in Lebanon. |
Type | Ordinary Share |
Share ISIN | GB00BG12Y042 |
Sector | Crude Petroleum & Natural Gs |
Bid Price | 949.00 |
Offer Price | 950.00 |
Open | 936.50 |
Shares Traded | 319,532 |
Last Trade | 16:35:18 |
Low - High | 936.50 - 952.50 |
Turnover | 1.42B |
Profit | 184.94M |
EPS - Basic | 1.0079 |
PE Ratio | 9.42 |
Market Cap | 1.72B |
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