Primary Recommendations

Energean - Gas focused producer eyes c.180,000 boepd by FY’23, dropping PE to just 3.3!

December 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Energean, a fully listed gas-focused producer with interests mainly in Israel, Egypt and Italy, is heading towards an inflexion point that I think could see its shares double or more in the medium term. It already boasts nearly 1 billion barrels of proven and probable (2P) reserves and production of 44,000 barrels of oil equivalent per day (boepd), but next summer should see an enormous step up when its huge Karish gas field offshore Israel is scheduled to commence first production. That should see group production build towards a peak of 200,000 boepd (70% gas; 30% oil) at which point it should be generating US$2 billion sales and EBITDA before exploration costs of US$1.4bn.The company has already intimated it expects significant ...

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Judges Scientific - Extraordinary total shareholder returns for scientific instruments group

Energean (November 2024)

Energean - Gas producer forecast to return a cumulative 3-year dividend yield of 66% (August 2024)

Energean (April 2024)

Energean (January 2024)

Energean - War fears leave shares on incredible soon-to-be prospective PE of 2.7 (December 2023)

Energean (November 2023)

Energean - Increased 2P reserves by 20% (May 2023)

Energean - First gas at Karish to increase production nearly six-fold to over 200,000 boepd (December 2022)

Energean - Gain to date: 170% (October 2022)

Energean - Gain to date: 46% (July 2022)

Energean - Shares hit new high of 1279p (May 2022)

Energean - Gas focused e&p firm to increase production from 3,300 to 167,000 boepd (February 2021)

Energean (November 2019)

Energean - Shares approaching £10 (August 2019)

Energean - Shares hit new high of 846p (June 2019)

Energean - Shares have gained 49% (May 2019)

Energean - Shares near highs after gas agreement (February 2019)

Energean (January 2019)

Energean - Shares hit new high (November 2018)

Energean - Oil & Gas firm to grow production 20-fold by 2021 (August 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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