Latest news with #BlueNord
Yahoo
14-05-2025
- Business
- Yahoo
BlueNord Announces First Quarter 2025 Results: Tyra Production Ramp-Up Continues and Second Distribution to Shareholders Proposed
OSLO, Norway, May 14, 2025 /PRNewswire/ -- BlueNord ASA ("BlueNord" or the "Company") today published its first quarter 2025 results, highlighting robust base production, continued progress at the Tyra hub and a strong liquidity position of USD 684 million. In addition, BlueNord is proposing its second shareholder distribution of USD 38 million for Q1 2025. This is expected to be declared and paid alongside the USD 215 million proposed distribution for 2024 once the RBL Completion Test for Tyra is met. Highlights: Net hydrocarbon production of 29.8 mboe/d in Q1 Revenues of USD 171 million for the quarter and EBITDA of USD 80 million Pre-Tax Operating Cash Flow of USD 70 million for the quarter Post-Tax Operating Cash Flow of USD 55 million for the quarter Strong liquidity position at quarter end of USD 684 million and cash on balance sheet of USD 414 million following release of cash in escrow Attractive hedges added during the quarter at favourable prices for 2025 and 2026, further securing future cashflow from the Company's operational portfolio Proposed shareholder distribution of USD 38 million for Q1 2025 Full technical capacity on Tyra during Q1 with final phase of ramp-up progressing Net 2P Reserves at 194 mmboe and a Reserves Replacement Ratio of 189% Operational The base assets, Dan, Gorm and Halfdan continued their stable and reliable production and delivered within guidance. Following the success of the HEMJ well which will extend plateau from Tyra significantly, the need for near-term infill wells to fill production capacity is reduced, and as such, the partners in the DUC have decided to optimise the drilling schedule of infill wells. This will reduce near-term cost and defer infill activities from 2025 to 2026/2027. TyraTyra ramp-up is progressing and has to date achieved a peak production of c.26 mboe/d net to BlueNord with plateau production of c.30 mboe/d expected in May 2025. Reservoir performance has been strong and, while 91% of the wells have now been commissioned, current production is being delivered by less than 50% of the total well stock. FinancialThe stable production from the base assets continued to contribute to the financial performance, while lower than expected volumes from Tyra, due to operational occurrences during the restart, resulted in penalties on gas sales. However, with Tyra in its final phase, restricted cash on escrow of USD 158 million was released during the quarter, resulting in a robust liquidity position of USD 684 million and cash on balance sheet of USD 414 million. In addition, the Company took advantage of the favourable commodity price sentiment during the quarter and added hedges on gas and oil for 2025 and 2026 at attractive prices. "BlueNord entered 2025 with strong operational momentum, having seen Tyra reach maximum technical capacity in the fourth quarter of 2024. While Dan, Halfdan, and Gorm have continued their track record of stable, predictable production in line with guidance, reaching plateau at Tyra has taken longer than expected. That said, we are now in a strong position with a positive outlook. In early May, Tyra production net to BlueNord peaked at over 26 mboe/d, with underlying reservoir performance continuing to exceed expectations. Together with the operator, our focus is on achieving stable operations and maximising operational efficiency at a hub that will support BlueNord's business through at least 2042. The transition of Tyra from development to delivery sets the stage for meaningful shareholder returns. For the first quarter of 2025, we are proposing a $38 million distribution, representing 70% of net operating cashflow. With a resilient portfolio of gas-weighted growth, low-cost structure, and strengthened liquidity, BlueNord is well positioned to deliver sustainable cashflow, even amidst commodity market volatility. Our focus remains clear: to maximise operational value, maintain capital discipline, and deliver on our core commitment to shareholder returns," said Euan Shirlaw, Chief Executive Officer of BlueNord. The report and investor presentation may be downloaded from the Company's website or The Company will host a webcast today at 10:00 CEST. To join webcast: Contact:Cathrine F. Torgersen, Chief Corporate Affairs OfficerPhone: +47 915 28 501Email: This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Cathrine Torgersen, Chief Corporate Affairs Officer, BlueNord ASA, at the date and time as set out above. This information was brought to you by Cision The following files are available for download: BlueNord Q1 2025 Report BlueNord Q1 2025 Presentation View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
BlueNord: Preliminary Production for April 2025
OSLO, Norway, May 7, 2025 /PRNewswire/ -- BlueNord ASA ("BlueNord" or the "Company") has today announced its preliminary production figures for April 2025. In April 2025, the preliminary production was 34.5 mboepd net to BlueNord. The base assets, Dan, Gorm and Halfdan produced 21.7 mboepd, which was in line with expectations, and 12.8 mboepd was produced from the Tyra hub. The preliminary operational efficiency exceeded 95% for both the Dan and Halfdan hubs. On 10 April, full technical capacity was restored on Tyra II following the successful repair of the breaker failure in the electrical high-voltage system that occurred on 4 March. Since then, the production ramp-up has continued and on 30 April production reached 23.4 mboepd net to the Company with 88% of Tyra wells commissioned and c. 60% of Tyra wells on production. The ramp-up is now in its final stages and gross production of 199.8 mmscfpd of gas and 32.4 mbblpd of oil was achieved on 5 May, which equates to 26.1 mboepd net to the Company. BlueNord expects production to continue to increase towards the Company's estimated plateau gas production level of c. 250mmscfpd. BlueNord will announce its first quarter 2025 results on 14 May 2025 at 07:00 CEST. This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. *** Contact: Cathrine Torgersen, Chief Corporate Affairs Officer Phone: +47 915 28 501 Email: This information was brought to you by Cision Cision View original content:
Yahoo
21-02-2025
- Business
- Yahoo
February 2025's Stock Selections Possibly Priced Below Estimated Worth
In February 2025, global markets are experiencing a mix of optimism and caution, with U.S. stock indexes nearing record highs amid an environment of accelerating inflation and uncertain trade policies. As investors navigate these complex conditions, identifying undervalued stocks becomes crucial; such stocks may offer potential opportunities when their intrinsic value is not fully reflected in their current market price. Name Current Price Fair Value (Est) Discount (Est) Ningbo Sanxing Medical ElectricLtd (SHSE:601567) CN¥26.41 CN¥51.88 49.1% Vimi Fasteners (BIT:VIM) €0.97 €1.91 49.2% Hibino (TSE:2469) ¥2770.00 ¥5502.58 49.7% Shanghai Haohai Biological Technology (SEHK:6826) HK$26.30 HK$52.47 49.9% Power Wind Health Industry (TWSE:8462) NT$110.50 NT$220.43 49.9% América Móvil. de (BMV:AMX B) MX$15.07 MX$29.71 49.3% Accent Group (ASX:AX1) A$2.11 A$4.19 49.6% Saigon Thuong Tin Commercial Bank (HOSE:STB) ₫38750.00 ₫76325.14 49.2% Com2uS (KOSDAQ:A078340) ₩48250.00 ₩96043.58 49.8% Shenzhen Anche Technologies (SZSE:300572) CN¥18.75 CN¥36.88 49.2% Click here to see the full list of 906 stocks from our Undervalued Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: BlueNord ASA is an oil and gas company engaged in the exploration, development, and production of hydrocarbon resources across Norway, Denmark, the Netherlands, and the United Kingdom with a market cap of NOK18.26 billion. Operations: The company's revenue is primarily derived from its oil and gas exploration and production segment, totaling $702.30 million. Estimated Discount To Fair Value: 32.9% BlueNord ASA is currently trading at a significant discount, approximately 32.9% below its estimated fair value of NOK1026.61, indicating potential undervaluation based on discounted cash flows. Despite recent challenges leading to a net loss of US$70.8 million in 2024, the company forecasts robust annual revenue growth of 12.8%, outpacing the Norwegian market average and signaling future profitability within three years, although interest payments are not well covered by earnings presently. Our comprehensive growth report raises the possibility that BlueNord is poised for substantial financial growth. Get an in-depth perspective on BlueNord's balance sheet by reading our health report here. Overview: Bonesupport Holding AB (publ) is an orthobiologics company that develops and commercializes injectable bio-ceramic bone graft substitutes across Europe, North America, and internationally, with a market cap of SEK22.70 billion. Operations: The company generates revenue primarily from its Pharmaceuticals segment, amounting to SEK814.46 million. Estimated Discount To Fair Value: 17.4% Bonesupport Holding is trading at SEK345, below its estimated fair value of SEK417.72, suggesting undervaluation based on cash flows. The company anticipates revenue growth of 33.8% annually and earnings growth of 73.1%, both surpassing the Swedish market averages. Recent positive clinical study results for CERAMENT products could enhance future revenue streams, although current profit margins have decreased from last year's 41% to 11.1%. The growth report we've compiled suggests that Bonesupport Holding's future prospects could be on the up. Dive into the specifics of Bonesupport Holding here with our thorough financial health report. Overview: Lundin Gold Inc. is a Canadian mining company with a market cap of CA$9.05 billion, focusing on gold production and exploration activities. Operations: The company generates revenue primarily from its Fruta Del Norte mining operations, amounting to $1.04 billion. Estimated Discount To Fair Value: 34.3% Lundin Gold is trading at CA$38.37, significantly below its estimated fair value of CA$58.42, indicating potential undervaluation based on cash flows. The company reported 2024 sales of US$1.19 billion with net income rising to US$426.05 million from the previous year, supported by increased gold production and successful resource conversion at Fruta del Norte. Earnings are forecasted to grow substantially above market averages, while revenue growth is expected to outpace the Canadian market rate. Our growth report here indicates Lundin Gold may be poised for an improving outlook. Click here and access our complete balance sheet health report to understand the dynamics of Lundin Gold. Unlock more gems! Our Undervalued Stocks Based On Cash Flows screener has unearthed 903 more companies for you to here to unveil our expertly curated list of 906 Undervalued Stocks Based On Cash Flows. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include OB:BNOR OM:BONEX and TSX:LUG. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
