Galp Energia

Q4: conservative outlook

24/02/21 -"Pretty even results qoq, with upstream stabilising after the good Q3, yet the cautious production guidance for 2021 disappoints. As an introduction, the new ceo (Andy Brown, former head of upstream ..."

PDF page sample
Pages
59
Language
English
Published on
24/02/21
Download
You may also be interested by these reports :
02/04/21
Despite renewed lockdowns in Europe, the cartel announced a gradual increase of its production. Including the initial production cuts and the ...
01/04/21
We have updated our model with the FY20 figures. Note €590m of impairment of assets in the offshore drilling division (which is excluded from our ...
29/03/21
We have updated our model with the integration of Borealis. Prior to Q4, OMV had a 36% stake in the company, which was accounted for on an equity ...
29/03/21
EPS 2021 is flat against our previous update as the higher oil price is offset by lower production (135kboed vs 160kboed previously). This revision ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO