Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.

Välittäjätilasto

Dataa ei löytynyt

Yhtiötapahtumat

Datan lähde: FactSet, Quartr

Seuraava tapahtuma
2026 Q1 -tulosraportti 15.5.

Menneet tapahtumat
2025 Q4 -tulosraportti 25.2.
2025 Q3 -tulosraportti 17.11.2025
2025 Q2 -tulosraportti 14.8.2025
2025 Q1 -tulosraportti 16.5.2025
2024 Q4 -tulosraportti 28.2.2025

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Kirjaudu

EOB
9 t sitten
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EOB
9 t sitten
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That seems smart, of course, to reduce costs and to lower interest rates as global interest rates are rising.
Digitalis 8
7 t sitten
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Digitalis 8
7 t sitten
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Great, then we'll take 17 next week 🤗
Aksjehandler_
19 t sitten
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Aksjehandler_
19 t sitten
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PAS increases to 26 (25)
SkeptikernT
2 päivää sitten
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SkeptikernT
2 päivää sitten
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MEREN ANALYSIS (Updated with today's prices + focus on gas, which is now 32 % of WI production, double-checked against the 2025 annual report...The market is truly in a deep coma when it comes to Meren Energy... the numbers don't lie. Brent Jun-26 is at 94,53 USD right now. At the same time, Meren secured the historic gas agreement for PML 2/3 (Akpo/Egina) in early 2026 – exactly as stated in the annual report (MD&A page 6 and 85).Gas is 32 % of WI production (2026-guidance, WI-basis) and has gone from being a byproduct to being a pure profit machine. The company is still trading at valuations we only see in companies close to bankruptcy. Meren is the exact opposite: an extreme cash flow machine with one of the industry's strongest balance sheets (net debt/EBITDAX only 0,4x at year-end 2025). Here's why the upside is now approaching OVER +200 % – with gas as the single largest driver. 1. The hidden leverage: Oil at $94,5 + The Gas-boost (32 % of production)Meren has extreme operational leverage that the market has not priced in:Oil: For every $10 increase in Brent, EBITDAX rises by approx. $35 million (consistent with history and guidance). From base case $70 to today's $94,5 = pure profit increase of ~$85–90 million that is not visible in the old figures.The Gas-boost (32 % of WI production): The annual report confirms in black and white (MD&A page 6 & 85):”In early 2026, Meren and its JV Parties in PML 2/3 successfully executed an amendment to the gas sales agreement that includes a revised index for gas pricing, locking in a long-term gas price that is more reflective of the current LNG economics compared to 2018… The amendment also includes a mechanism for the sellers to recover the historical difference… starting from 2020… recovered through an upward adjustment to the netback pricing.”These are two separate effects that both directly impact cash flow :New higher prices for all future gas (LNG-indexed – significantly higher margin per unit than the old 2018 index).Catch-up / retroactive repayment from 2020 – historical difference is paid back as an upward adjustment on future gas sales (in practice, free money spread over future volumes) .Volumes: 19,7 Bcf gas sold in 2025 (up from 17,4 Bcf in 2024). 2026-guidance: 32 % gas on WI-basis.Gas is therefore no longer a byproduct – it is 32 % of the company's total output and now suddenly extremely profitable. 2. Multiples that defy logic (with gas-boost included)At $94,5 Brent + gas-reset (32 % of production), Meren becomes ridiculously cheap compared to peers:Key figuresMeren ($94,5 Brent + gas-reset)Seplat EnergySector averageEV / EBITDAX1,9–2,2x6,5x6,0xP/E (Forward)4,5–5,5x11,0x12,0xFCF Yield﹥30 %~12 %11 %Dividend Yield~10 % + buybacks5 %5 %Conclusion: If the multiple normalizes to just half of the sector average → the stock doubles from here. The 32 % share of gas makes the leverage even stronger than oil alone. 3. Sum-of-the-Parts (SOTP) – Now with gas as a separate value componentAt $94,5 oil and revised gas prices (confirmed in the report), NPV10 becomes significantly higher:Updated valuation (CAD per share): AssetValue per share (CAD)Comment (directly from the annual report)Nigeria – Oil ($94,5)3,80Base production + high marginsNigeria – Gas (32 % WI + Reset + catch-up)1,20NEW: Higher LNG prices + retroactive mechanism (MD&A page 6/85) – previously 0,90Namibia – Venus field (full carry)1,50FID 2026, no capex for MerenCash + other exploration0,30Net debt 0,4x EBITDAXTOTAL JUSTIFIED VALUE6,80 CAD+220 % from today's ~2,12 CADWhy the gas value is raised to 1,20 CAD/share: 32 % of production gets both permanently higher margins AND the catch-up mechanism. The market has not priced in either part yet. You buy Nigeria's cash flow (oil + gas) for less than half price – and get Namibia's world-class discovery for free.4. Catalysts – Why it will explode soonDividend & buybacks: Q1-2026 dividend already declared: $25,1 million (~$0,037/share). At $94,5 oil + gas-boost (32 % of volume), there is room for both extra dividends and aggressive buybacks.Namibia FID 2026: Venus revalues the entire company from a "Nigeria-play" to a global growth stock (ESIA complete, FEED ongoing).BTG Pactual (35,5 % owner): Will never accept 2x EBITDAX for a company drowning in cash from both oil and gas.Conclusion: The ultimate asymmetry – now with gas as a turbo There are two ways to make money on the stock market: be right about the future, or buy the present at an absurd bargain price. Meren gives you both – and gas (32 % of production) is the part the market has completely missed .At $94,5 Brent + gas-reset, the company generates so much cash that they can buy back the entire market capitalization in under 3 years – while you get a free ticket to Namibia's oil boom. Bear Case ($60 oil, old gas price): 3,20 CAD (+50 %)Base Case ($90 oil + Gas-reset 32 %): 5,80 CAD (+174 %)Bull Case ($100+ oil
guttaperka
1 päivä sitten
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guttaperka
1 päivä sitten
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Not that I am negative about the company, but have you accounted for the price hedging, and what happens if the war ends before summer? Do you think the oil price will remain above, e.g., 80 dollars for long?
circusvoltage
2 päivää sitten
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circusvoltage
2 päivää sitten
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Question for the forum! If the ISIN code is CA5889141019, is the market listing then in Sweden or Canada? . Note that this ISIN code is traded in SEK ... so then it's probably not a Canadian trading venue...? =﹥ at the same time, the ISIN code starts with CA XXXXXX. . This is the trading venue I'm talking about with an ISIN code for Canada (CA) but listed on a Swedish exchange in SEK: https://www.avanza.se/aktier/om-aktien.html/250993/meren-energy . Can someone clarify 100% what applies or elaborate on previous answers ...? =﹥ Does 25% withholding tax (foreign coupon tax) apply to the above ISIN code CA 5889141019 and thus this trading venue: https://www.avanza.se/aktier/om-aktien.html/250993/meren-energy OR does 15% withholding tax on dividends apply to this trading venue...? . Regards
circusvoltage
2 päivää sitten
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circusvoltage
2 päivää sitten
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. Question to the forum: . How much Withholding tax on dividends in % is deducted from Meren Energy's dividend...? . Grateful for answers . Regards .
LazyBear
1 päivä sitten
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LazyBear
1 päivä sitten
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25% if you have the specially listed share (Stockholmsbörsen), where SKV lets you offset 15% and you (hypothetically) can claim the remaining 10% from Canada. 15% if you have the share on the Torontobörsen, where SKV lets you offset the whole amount. Subject to the fact that I have often got it completely wrong.

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2025 Q4 -tulosraportti

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