Latest news with #RedSkyEnergy
Yahoo
17-05-2025
- Business
- Yahoo
Should Weakness in Red Sky Energy Limited's (ASX:ROG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Red Sky Energy (ASX:ROG) has had a rough month with its share price down 33%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Red Sky Energy's ROE today. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Red Sky Energy is: 3.7% = AU$272k ÷ AU$7.3m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.04 in profit. Check out our latest analysis for Red Sky Energy Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. As you can see, Red Sky Energy's ROE looks pretty weak. Even compared to the average industry ROE of 4.9%, the company's ROE is quite dismal. However, the moderate 17% net income growth seen by Red Sky Energy over the past five years is definitely a positive. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently. Next, on comparing with the industry net income growth, we found that Red Sky Energy's reported growth was lower than the industry growth of 34% over the last few years, which is not something we like to see. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Red Sky Energy's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Red Sky Energy doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above. Overall, we feel that Red Sky Energy certainly does have some positive factors to consider. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 3 risks we have identified for Red Sky Energy by visiting our risks dashboard for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
Zawya
10-04-2025
- Business
- Zawya
Unlock Business-to-Business (B2B) Networking Opportunities at Angola Oil & Gas 2025
Angola's planned licensing round in 2025, upcoming infrastructure developments and flexible block opportunities highlight the vast potential across the country's upstream oil and gas market. On the downstream side – with over 400,000 barrels per day of planned refining capacity, a drive to connect Angola's oilfields to regional consumers and growing domestic demand – the country is seeking strategic partnerships to advance projects and promote fuel security. Angola Oil&Gas (AOG), taking place on September 3-4, 2025, supports the country's industry goals by uniting global investors, government stakeholders and industry leaders in Luanda. As the largest event of its kind in Angola, the conference offers a gateway to doing business in Angola, and this next edition will facilitate new deals as Angola celebrates 50 years of independence. Network, Engage and Sign Deals As Angola unlocks new upstream opportunities and advances downstream projects, AOG 2025 offers unparalleled access to the decision-makers shaping the country's oil and gas future. The conference provides a unique opportunity to hear directly from government authorities, providing a high-impact networking environment designed to accelerate deal-making. The event features a structured program of B2B meetings, closed-door investor briefings and sector-specific sessions for targeted engagement. Paul McDade, CEO of Afentra, shared with Energy Capital&Power that 'the AOG conference has supported Afentra PLC's investment strategy by providing a valuable platform to engage with key industry stakeholders, helping to strengthen existing relationships and build new ones. The event has facilitated direct interactions with government representatives, local operators and potential partners, allowing Afentra to better understand Angola's oil and gas landscape and align its strategy accordingly.' With over 3,000 global attendees, 430 companies and 115 ministers and VIPs representing over 32 countries, AOG's proven track record in facilitating partnerships and agreements makes it the ideal platform for companies looking to enter or expand in the Angolan market. 'AOG was instrumental for us in so many ways. It was our first participation at the conference and we were able to meet everyone. Everyone from the industry attends the event and it was exceptionally helpful for us,' stated Andrew Knox, CEO of Red Sky Energy. Following their participation at AOG 2024, Red Sky Energy acquired a 35% stake in Angola's Block 6/24, representing the company's entry into the market. Knox added that they will 'definitely be attending AOG in 2025,' as the company pursues other prospects in Angola. How to Join AOG 2025 Join AOG 2025 as a sponsor or exhibitor and position your brand at the forefront of the country's oil and gas sector. AOG 2025 offers a variety of sponsorship opportunities designed to enhance brand visibility and awareness. The exhibition returns bigger than before, allowing companies to showcase their products, services and innovations. AOG 2025 also offers numerous speaking opportunities, enabling thought leaders, industry experts and entrepreneurs to share their expertise and strategies for Angola's oil and gas development. Join as an official delegation to explore investment opportunities, establish partnerships and connect with stakeholders. AOG 2025 takes place at a pivotal moment in Angola's history – 50 years after independence – with the oil and gas sector at the heart of the country's development agenda. Participating at AOG 2025 means contributing to this milestone and playing an active role in Angola's economic growth story. Visit for more information. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
03-03-2025
- Business
- Yahoo
Santos set to start fracture stimulation of Yarrow 1 well
The fracture stimulation of the Yarrow 1 well in the Innamincka Dome project in South Australia is due to start in the next few days. Red Sky Energy has announced that Santos, the project operator, is currently mobilising the necessary equipment for the procedure, aimed at increasing gas flow and well productivity. The anticipated post-stimulation production rates for the Yarrow 1 well are estimated to be between 1.6 and 3.6 million standard cubic feet per day (mscf/d). The well is projected to reach full operational status in the second quarter of 2025 (Q2 2025), complementing the existing production from Yarrow 3. The Innamincka Dome project encompasses six petroleum tenements (PRLs 14, 17, 18, 180, 181 and 182). Red Sky holds a 20% working interest in six petroleum retention licences (PRLs) within the Innamincka Dome, located near the township of Innamincka in north-east South Australia, and Santos holds the remaining 80% stake. Red Sky managing director Andrew Knox said: "We are pleased to confirm that fracture stimulation at Yarrow 1 is scheduled to proceed shortly, with all required equipment being mobilised to site. This marks a significant milestone in unlocking the well's full production potential and delivering further value to our shareholders.' The Yarrow field is estimated to have a 2C contingent resource of up to 18 billion cubic feet (bcf). A potential 20bcf of 2C of associated gas is estimated at the Flax oilfield 8km to the south east of Yarrow. In January this year, Red Sky secured a contract for exploration in Angola's offshore block 6/24. Situated 12km off the Angolan coast in the Kwanza Basin, the block encompasses 1,531km² of 2D seismic data and 1,465km² of 3D seismic data. "Santos set to start fracture stimulation of Yarrow 1 well" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
