Added to YB: 2026-10-08
Pitch date: 2026-10-05
PEN.OL [bullish]
Panoro Energy ASA
+10.74%
current return
Author Info
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Company Info
Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.
Market Cap
NOK 412.0M
Pitch Price
NOK 29.80
Price Target
48.00 (+53%)
Dividend
8.53%
EV/EBITDA
34.16
P/E
N/A
EV/Sales
3.76
Sector
Oil, Gas and Consumable Fuels
Category
value
Panoro Energy: The Barrels Are in the Tank
PEN.OL (hold): Panoro’s Block G purchase almost quadrupled its stake in its largest asset, prompting a position around NOK 25 because the added barrels appeared unpriced; shares remain attractive near NOK 29. The company expects 2.1-2.5 MMbbl of Q4 liftings, and at $100 Dated Brent modeled net debt falls from an acquisition-adjusted $313M to about $175M. A normalized $75 oil case yields roughly NOK 48 per share, but sustaining-capex uncertainty and abandonment liabilities temper the upside. The dividend yields about 5%, with little increase expected before 2028.
Read full article (19 min)