This is what has changed, fundamentals have massively improved.11 Feb 2023 13:53
2022 Est. 2021. 2020. 2019. 2018. 2017. 2016
Production (k). 61.5. 59. 74. 84. 79. 87. 67 price bbl. ($). 80. 62. 51. 62. 68. 58. 61
Revenue (Billion) 1.6. 1.2. 1.3. 1.6. 1.8. 1.7. 1.2
Profit after Tax 494M (81M) (1.2B) (1.6B) 85M (189M)(597M)
FCF (MIllion $). 250. 245. 432. 355. 411. 543. (792)
DEBT (Billion). 1.9. 2.1. 2.4. 2.8. 3.1. 3.4. 4.7
Gearing (Times) 1.5. 2.2. 3. 2. 1.9. 2.6. 5.1
Share price. 35p. 44p. 32p. 62p. 174p. 200p. 266p
Still think we are fairly priced?
Debt reduced by $2.6 Billion, Gearing down to lowest level, highest profit, FCF of $250 forecast, even after $190 Million spent on acquisitions of BIR for TEN/JUBILEE this year.
Market Cap of £500Million, compared to 2016 of £3Billion+
Won’t be at these prices for long.
Gl all