2025 H2 -tulosraportti
Vain PDF
162 päivää sitten
0,185 NOK/osake
Viimeisin osinko
2,98%Tuotto/v
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
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: Quartr| Seuraava tapahtuma | |
|---|---|
2026 H1 -tulosraportti 27.8. |
| Menneet tapahtumat | ||
|---|---|---|
2025 H2 -tulosraportti 26.2. | ||
2025 H1 -tulosraportti 28.8.2025 | ||
2024 H2 -tulosraportti 27.2.2025 | ||
2024 H1 -tulosraportti 30.8.2024 | ||
2023 H2 -tulosraportti 26.2.2024 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·1 päivä sittenExciting times at PSE. One primarily thinks of NOCO's oil production, and not least the price obtained for this oil (which is likely very good compared to futures). Further production increase will come. The Dugong share is guaranteed to be in play and will be fully or partially exchanged for cash or producing license interests. But I find it very interesting to shine a spotlight on the 100% owned subsidiary Independent Oil Tools. I read in PSE's annual report, and see that IOT had (roughly converted from USD to NOK) a revenue of just over 600 million NOK, and an EBITDA of around 125 million NOK. If we look at the rental market, consolidation is certainly not a foreign word in this industry either. One of the truly large pure-play oil rental companies, American Drilling Tools International (DTI), has acquired several other smaller companies, but we read from the latest annual report that the appetite is still present: "We continue to believe that the downhole drilling tool industry remains fragmented, is in need of consolidation, and we intend to continue being part of the solution. The energy landscape is constantly evolving, and we plan to actively pursue deals that improve our standing within the market." IOT's geographical coverage partially overlaps but also complements DTI in several areas: Iraq, Romania, Norway, some Africa (Ghana/SA). In addition, IOT's main focus is on offshore compared to DTI's primary land focus. An acquisition of IOT will certainly not be easy; we all know BGL's "quarrelsome" nature. But an acquisition will normally probably be around 4-8X EBITDA. And this is where it starts to get interesting: 4X= 500 million NOK, 6X= 750 million NOK, 8X= 1 billion NOK. There is some debt, of course, about 130 million was probably reported in 2025. Market value PSE at the moment (incl. oil): Approx 360 million NOK.....- ·23.7.The H1 report will be extra exciting when we see that Vår Engergi achieved 110 USD/barrel on its production in Q2. Although production at Brage was down due to planned maintenance throughout May, the high achieved oil price largely compensates for this. And now we have a newly optimized Brage and an oil price where we probably have to add 10-15 dollars compared to the futures we can read about daily. Money is pouring into Noco, and the underlying values in PSE are increasing every day.Furthermore, Nocos' share of June production (i.e., after the start-up of Brage after the maintenance shutdown) was 2960 boe/d. In this regard, it is worth noting that June was a restart month, not necessarily a perfectly normal month.. During the start-up in the first few days, production is often only 50-80% of normal production. In the next couple of weeks, a cautious increase is also common before reaching full optimized production.
·18.7.I asked AI about increased production on the Brage field. When Talisker West is operational. Here is the answer 🤩 This is therefore only the increased production, not combined with what is already operational.- ·16.7.Okea reports in its report today that Talisker West is on track for production already next year. This is a discovery of 23-44 mmboe in the Brage formation. Great news and hold onto the shares.
- ·11.6.New analysis! From ChatGPT here at my home today :-) Subject to errors, please feel free to comment and correct! PSE • Already has production. • Has cash flow. • Has reserve growth. • Has recent discoveries. • Has distribution to shareholders. My personal base-case would be around: 12–15 kr per share if the market starts pricing the PNO stake more like other smaller E&P companies. What makes the case extra interesting is that today's market capitalization of around 350 mill NOK implies that the market in practice attributes a very low value to the NOCO stake. If PNO were to be listed on the stock exchange or get a clear market valuation on NOTC, the discount in PSE could become difficult to justify. For me, therefore, the most important trigger is not the oil price, but that the value of PNO becomes more visible. It is that event that could potentially move PSE from 6 kr to a double-digit share price quite quickly. My SOTP (Sum of total parts) Asset Low Normal High 49.9 % of PNO 500 650 800 Oil service 75 125 175 Net financial assets 30 40 50 Cash 3 3 3 Total value (MNOK) 608 818 1,028 Value per share (59.1 million shares) Scenario Value per share Low 10.3 kr Normal 13.8 kr HIGH 17.4 kr How do I arrive at this? 1. Market capitalization today PSE has approx. 59.1 million shares outstanding. At a share price of around 6 kr, this gives: • Market capitalization ≈ 350 mill. NOK 2. The value of Petrolia NOCO This is the large item, PSE owns 49.9 % of Petrolia NOCO. PNO reported: • EBITDA Q4 2025: NOK 43.9 mill. • Production ~2.1 kboe/d • Brage reserves adjusted upwards • Knockando/Fensfjord discoveries • Talisker development For smaller North Sea E&P companies, EV/EBITDA 4–6x is often a reasonable range. Annual EBITDA extrapolated: • 44 mill × 4 ≈ 176 mill NOK Then we get: Scenario PNO value Conservative 4x EBITDA 700 mill Normal 5x EBITDA 880 mill Optimistic 6x EBITDA 1.05 bn But this ignores the exploration portfolio and the new discoveries. ABG has recently adjusted NAV upwards due to the Brage development. Therefore, I think a more realistic range today is: PNO: 1.0–1.6 bn NOK PSE's share: 500–800 mill NOK 3. The oil service business This part is often overlooked. The oil service segment has delivered stable positive contributions for several years, but is not a growth rocket. I would set: • Low scenario: 75 mill • Normal: 125 mill • High: 175 mill 4. Loans and financial assets In the parent company was: • loans/receivables ≈ USD 4.9 mill • investments in subsidiaries ≈ USD 39.3 mill USD 4.9 mill corresponds to approximately 50 mill NOK I do not add this entire item on top of the value since parts are already reflected in the NOCO value, but net financial assets can probably be justified at: 30–50 mill NOK 5. Cash Cash in the parent company was only USD 0.3 mill at the end of 2025. That is only around 3 mill NOKInteresting analysis, AerligeAerling! And I can only confirm what is said about what is listed as a portfolio here on the forum often not matching reality. Even what I have on Nordnet doesn't match at all for some reason. The shares listed under my name are just old fun/listening posts. My larger, serious positions via Nordnet, do not appear. I have PSE with another broker. Long there.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 H2 -tulosraportti
Vain PDF
162 päivää sitten
0,185 NOK/osake
Viimeisin osinko
2,98%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 päivä sittenExciting times at PSE. One primarily thinks of NOCO's oil production, and not least the price obtained for this oil (which is likely very good compared to futures). Further production increase will come. The Dugong share is guaranteed to be in play and will be fully or partially exchanged for cash or producing license interests. But I find it very interesting to shine a spotlight on the 100% owned subsidiary Independent Oil Tools. I read in PSE's annual report, and see that IOT had (roughly converted from USD to NOK) a revenue of just over 600 million NOK, and an EBITDA of around 125 million NOK. If we look at the rental market, consolidation is certainly not a foreign word in this industry either. One of the truly large pure-play oil rental companies, American Drilling Tools International (DTI), has acquired several other smaller companies, but we read from the latest annual report that the appetite is still present: "We continue to believe that the downhole drilling tool industry remains fragmented, is in need of consolidation, and we intend to continue being part of the solution. The energy landscape is constantly evolving, and we plan to actively pursue deals that improve our standing within the market." IOT's geographical coverage partially overlaps but also complements DTI in several areas: Iraq, Romania, Norway, some Africa (Ghana/SA). In addition, IOT's main focus is on offshore compared to DTI's primary land focus. An acquisition of IOT will certainly not be easy; we all know BGL's "quarrelsome" nature. But an acquisition will normally probably be around 4-8X EBITDA. And this is where it starts to get interesting: 4X= 500 million NOK, 6X= 750 million NOK, 8X= 1 billion NOK. There is some debt, of course, about 130 million was probably reported in 2025. Market value PSE at the moment (incl. oil): Approx 360 million NOK.....
- ·23.7.The H1 report will be extra exciting when we see that Vår Engergi achieved 110 USD/barrel on its production in Q2. Although production at Brage was down due to planned maintenance throughout May, the high achieved oil price largely compensates for this. And now we have a newly optimized Brage and an oil price where we probably have to add 10-15 dollars compared to the futures we can read about daily. Money is pouring into Noco, and the underlying values in PSE are increasing every day.Furthermore, Nocos' share of June production (i.e., after the start-up of Brage after the maintenance shutdown) was 2960 boe/d. In this regard, it is worth noting that June was a restart month, not necessarily a perfectly normal month.. During the start-up in the first few days, production is often only 50-80% of normal production. In the next couple of weeks, a cautious increase is also common before reaching full optimized production.
- ·18.7.I asked AI about increased production on the Brage field. When Talisker West is operational. Here is the answer 🤩 This is therefore only the increased production, not combined with what is already operational.
- ·16.7.Okea reports in its report today that Talisker West is on track for production already next year. This is a discovery of 23-44 mmboe in the Brage formation. Great news and hold onto the shares.
- ·11.6.New analysis! From ChatGPT here at my home today :-) Subject to errors, please feel free to comment and correct! PSE • Already has production. • Has cash flow. • Has reserve growth. • Has recent discoveries. • Has distribution to shareholders. My personal base-case would be around: 12–15 kr per share if the market starts pricing the PNO stake more like other smaller E&P companies. What makes the case extra interesting is that today's market capitalization of around 350 mill NOK implies that the market in practice attributes a very low value to the NOCO stake. If PNO were to be listed on the stock exchange or get a clear market valuation on NOTC, the discount in PSE could become difficult to justify. For me, therefore, the most important trigger is not the oil price, but that the value of PNO becomes more visible. It is that event that could potentially move PSE from 6 kr to a double-digit share price quite quickly. My SOTP (Sum of total parts) Asset Low Normal High 49.9 % of PNO 500 650 800 Oil service 75 125 175 Net financial assets 30 40 50 Cash 3 3 3 Total value (MNOK) 608 818 1,028 Value per share (59.1 million shares) Scenario Value per share Low 10.3 kr Normal 13.8 kr HIGH 17.4 kr How do I arrive at this? 1. Market capitalization today PSE has approx. 59.1 million shares outstanding. At a share price of around 6 kr, this gives: • Market capitalization ≈ 350 mill. NOK 2. The value of Petrolia NOCO This is the large item, PSE owns 49.9 % of Petrolia NOCO. PNO reported: • EBITDA Q4 2025: NOK 43.9 mill. • Production ~2.1 kboe/d • Brage reserves adjusted upwards • Knockando/Fensfjord discoveries • Talisker development For smaller North Sea E&P companies, EV/EBITDA 4–6x is often a reasonable range. Annual EBITDA extrapolated: • 44 mill × 4 ≈ 176 mill NOK Then we get: Scenario PNO value Conservative 4x EBITDA 700 mill Normal 5x EBITDA 880 mill Optimistic 6x EBITDA 1.05 bn But this ignores the exploration portfolio and the new discoveries. ABG has recently adjusted NAV upwards due to the Brage development. Therefore, I think a more realistic range today is: PNO: 1.0–1.6 bn NOK PSE's share: 500–800 mill NOK 3. The oil service business This part is often overlooked. The oil service segment has delivered stable positive contributions for several years, but is not a growth rocket. I would set: • Low scenario: 75 mill • Normal: 125 mill • High: 175 mill 4. Loans and financial assets In the parent company was: • loans/receivables ≈ USD 4.9 mill • investments in subsidiaries ≈ USD 39.3 mill USD 4.9 mill corresponds to approximately 50 mill NOK I do not add this entire item on top of the value since parts are already reflected in the NOCO value, but net financial assets can probably be justified at: 30–50 mill NOK 5. Cash Cash in the parent company was only USD 0.3 mill at the end of 2025. That is only around 3 mill NOKInteresting analysis, AerligeAerling! And I can only confirm what is said about what is listed as a portfolio here on the forum often not matching reality. Even what I have on Nordnet doesn't match at all for some reason. The shares listed under my name are just old fun/listening posts. My larger, serious positions via Nordnet, do not appear. I have PSE with another broker. Long there.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
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
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 H1 -tulosraportti 27.8. |
| Menneet tapahtumat | ||
|---|---|---|
2025 H2 -tulosraportti 26.2. | ||
2025 H1 -tulosraportti 28.8.2025 | ||
2024 H2 -tulosraportti 27.2.2025 | ||
2024 H1 -tulosraportti 30.8.2024 | ||
2023 H2 -tulosraportti 26.2.2024 |
2025 H2 -tulosraportti
Vain PDF
162 päivää sitten
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 H1 -tulosraportti 27.8. |
| Menneet tapahtumat | ||
|---|---|---|
2025 H2 -tulosraportti 26.2. | ||
2025 H1 -tulosraportti 28.8.2025 | ||
2024 H2 -tulosraportti 27.2.2025 | ||
2024 H1 -tulosraportti 30.8.2024 | ||
2023 H2 -tulosraportti 26.2.2024 |
0,185 NOK/osake
Viimeisin osinko
2,98%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 päivä sittenExciting times at PSE. One primarily thinks of NOCO's oil production, and not least the price obtained for this oil (which is likely very good compared to futures). Further production increase will come. The Dugong share is guaranteed to be in play and will be fully or partially exchanged for cash or producing license interests. But I find it very interesting to shine a spotlight on the 100% owned subsidiary Independent Oil Tools. I read in PSE's annual report, and see that IOT had (roughly converted from USD to NOK) a revenue of just over 600 million NOK, and an EBITDA of around 125 million NOK. If we look at the rental market, consolidation is certainly not a foreign word in this industry either. One of the truly large pure-play oil rental companies, American Drilling Tools International (DTI), has acquired several other smaller companies, but we read from the latest annual report that the appetite is still present: "We continue to believe that the downhole drilling tool industry remains fragmented, is in need of consolidation, and we intend to continue being part of the solution. The energy landscape is constantly evolving, and we plan to actively pursue deals that improve our standing within the market." IOT's geographical coverage partially overlaps but also complements DTI in several areas: Iraq, Romania, Norway, some Africa (Ghana/SA). In addition, IOT's main focus is on offshore compared to DTI's primary land focus. An acquisition of IOT will certainly not be easy; we all know BGL's "quarrelsome" nature. But an acquisition will normally probably be around 4-8X EBITDA. And this is where it starts to get interesting: 4X= 500 million NOK, 6X= 750 million NOK, 8X= 1 billion NOK. There is some debt, of course, about 130 million was probably reported in 2025. Market value PSE at the moment (incl. oil): Approx 360 million NOK.....
- ·23.7.The H1 report will be extra exciting when we see that Vår Engergi achieved 110 USD/barrel on its production in Q2. Although production at Brage was down due to planned maintenance throughout May, the high achieved oil price largely compensates for this. And now we have a newly optimized Brage and an oil price where we probably have to add 10-15 dollars compared to the futures we can read about daily. Money is pouring into Noco, and the underlying values in PSE are increasing every day.Furthermore, Nocos' share of June production (i.e., after the start-up of Brage after the maintenance shutdown) was 2960 boe/d. In this regard, it is worth noting that June was a restart month, not necessarily a perfectly normal month.. During the start-up in the first few days, production is often only 50-80% of normal production. In the next couple of weeks, a cautious increase is also common before reaching full optimized production.
- ·18.7.I asked AI about increased production on the Brage field. When Talisker West is operational. Here is the answer 🤩 This is therefore only the increased production, not combined with what is already operational.
- ·16.7.Okea reports in its report today that Talisker West is on track for production already next year. This is a discovery of 23-44 mmboe in the Brage formation. Great news and hold onto the shares.
- ·11.6.New analysis! From ChatGPT here at my home today :-) Subject to errors, please feel free to comment and correct! PSE • Already has production. • Has cash flow. • Has reserve growth. • Has recent discoveries. • Has distribution to shareholders. My personal base-case would be around: 12–15 kr per share if the market starts pricing the PNO stake more like other smaller E&P companies. What makes the case extra interesting is that today's market capitalization of around 350 mill NOK implies that the market in practice attributes a very low value to the NOCO stake. If PNO were to be listed on the stock exchange or get a clear market valuation on NOTC, the discount in PSE could become difficult to justify. For me, therefore, the most important trigger is not the oil price, but that the value of PNO becomes more visible. It is that event that could potentially move PSE from 6 kr to a double-digit share price quite quickly. My SOTP (Sum of total parts) Asset Low Normal High 49.9 % of PNO 500 650 800 Oil service 75 125 175 Net financial assets 30 40 50 Cash 3 3 3 Total value (MNOK) 608 818 1,028 Value per share (59.1 million shares) Scenario Value per share Low 10.3 kr Normal 13.8 kr HIGH 17.4 kr How do I arrive at this? 1. Market capitalization today PSE has approx. 59.1 million shares outstanding. At a share price of around 6 kr, this gives: • Market capitalization ≈ 350 mill. NOK 2. The value of Petrolia NOCO This is the large item, PSE owns 49.9 % of Petrolia NOCO. PNO reported: • EBITDA Q4 2025: NOK 43.9 mill. • Production ~2.1 kboe/d • Brage reserves adjusted upwards • Knockando/Fensfjord discoveries • Talisker development For smaller North Sea E&P companies, EV/EBITDA 4–6x is often a reasonable range. Annual EBITDA extrapolated: • 44 mill × 4 ≈ 176 mill NOK Then we get: Scenario PNO value Conservative 4x EBITDA 700 mill Normal 5x EBITDA 880 mill Optimistic 6x EBITDA 1.05 bn But this ignores the exploration portfolio and the new discoveries. ABG has recently adjusted NAV upwards due to the Brage development. Therefore, I think a more realistic range today is: PNO: 1.0–1.6 bn NOK PSE's share: 500–800 mill NOK 3. The oil service business This part is often overlooked. The oil service segment has delivered stable positive contributions for several years, but is not a growth rocket. I would set: • Low scenario: 75 mill • Normal: 125 mill • High: 175 mill 4. Loans and financial assets In the parent company was: • loans/receivables ≈ USD 4.9 mill • investments in subsidiaries ≈ USD 39.3 mill USD 4.9 mill corresponds to approximately 50 mill NOK I do not add this entire item on top of the value since parts are already reflected in the NOCO value, but net financial assets can probably be justified at: 30–50 mill NOK 5. Cash Cash in the parent company was only USD 0.3 mill at the end of 2025. That is only around 3 mill NOKInteresting analysis, AerligeAerling! And I can only confirm what is said about what is listed as a portfolio here on the forum often not matching reality. Even what I have on Nordnet doesn't match at all for some reason. The shares listed under my name are just old fun/listening posts. My larger, serious positions via Nordnet, do not appear. I have PSE with another broker. Long there.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
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