Updates and Ideas

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

February 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.

While most energy shares have endured a torrid year, Energean, a fast-growing Israeli-focused gas play, has proved the exception to the rule. The company originally listed on the main market at 455p in March 2018 and after featuring as a TMI main write-up the following August at 515p, peaked at 1075p in 2019. Although the pandemic cratered the shares to 296p, they have spectacularly recovered to 861p.Energean was founded in 2007 by CEO Mathios Rigas with the purchase of some cheap oil & gas assets in Greece. His first significant act, during a low water mark for energy assets following the 2014 oil price crash, was the acquisition of the natural gas fields of Karish and Tanin (70% interest) offshore Israel from Nobl ...

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TMI Trader Portfolio 2 - February 21

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 producer eyes c.180,000 boepd by FY’23, dropping PE to just 3.3! (December 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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