Oct 17 2024
Resources
Recent Research
Kenmare, H1 2024 results
Aug 14 2024
Kenmare, Appointment of Managing Director
Aug 13 2024
Kenmare, Positive update on capital projects
Jul 4 2024
Tullow Oil, AGM statement
May 16 2024
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Kenmare
Q3 production report reflects good performance and robust market conditions
Kenmare’s Q3 production report reflects volumes and shipments that are in line with our forecasts. The company is on track to achieve FY2024 guidance on all metrics. Capex on WCP A is...
Kenmare
H1 2024 results
Kenmare has reported H1 2024 results that are as expected given its previous Q2 production update. H1 shipments were impacted by weather, so full year earnings will be H2 weighted and...
Kenmare
Appointment of Managing Director
Kenmare has announced that Tom Hickey, the current Finance Director, has been appointed Managing Director. This is effective from August 15th. He succeeds Michael Carvill, who will step...
Tullow Oil
H1 results as expected and FY2024 guidance maintained
Tullow’s H1 2024 results are as expected following its AGM statement on May 16th, and it has maintained free cash flow and net debt guidance for FY2024. We continue to await news on...
Kenmare
Q2 production update and reaffirmed guidance
Kenmare’s Q2 production update reflects volumes that are in line with expectations, and guidance has been maintained for FY2024 on all metrics. Demand is robust and the company is in a...
Kenmare
Positive update on capital projects
Kenmare has provided an update on its capital projects. It has completed the Design Feasibility Study (DFS) for the upgrade of WCP A and its transition to the Nataka ore zone....
Kenmare
New forecasts reflect the benefit of factoring
We are publishing new forecasts for Kenmare. The most significant change is that we now assume $100m of factoring of receivables in 2024 prior to drawing down the new $200m credit...
Kenmare
Q1 production data
Kenmare has reported Q1 production that is broadly in line with last year (as it previously indicated). This was impacted by power interruptions and maintenance works. The company has...
Tullow Oil
FY2023 results
Tullow’s FY2023 results follow the trading statement provided on January 24th. The company retains its forecast of achieving $800m of free cashflow during 2023-2025. Net debt was...
Kenmare
New forecasts and revisiting the outlook
We update our Kenmare forecasts following the Q4 production report last week. Changes reflect a softer pricing backdrop in 2023 and latest volume and capex guidance. Current capex...
