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Vår Energi to acquire BlueNord in $1.3bn cash-and-stock deal
Article Summary
HOLD- Vår Energi (NYSE: VE) has agreed to acquire rival Norwegian oil and gas company BlueNord in a cash-and-stock deal worth Nkr12.84bn ($1.33bn) in a deal expected to create Europe's largest independent oil and natural gas producer.
- Under the terms of the deal, BlueN Nord shareholders will receive 248.4 million newly issued shares and Nkr1.96bn in cash, with the merger structure creating a new subsidiary that will merge with Vår's Danish Continental Shelf and North Sea operations.
- The transaction is expected to add 45,000 barrels of oil equivalent per day in net production and 195 million barrels of proved plus probable reserves, extending forecast production beyond 2040, with production mix expected to remain around 65% oil and 35% gas with continued access to Nybro and Den Helder.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -3.1% | 25% | 0.0 ptsDeclining (-3.1%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 13.9% | 25% | 35.0 ptsBelow Screener (13.9%) - Modest outlook |
| Target Price Upside ? | 13.5% | 20% | 50.0 ptsMeets Minimum (13.5%) - Target: $57.78 vs Current: $50.91 |
| Gross Margin % ? | 4.6% | 15% | 10.0 ptsRazor-Thin (4.6%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -12.2% | 15% | 40.0 ptsMild Pullback (-12.2%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About E
- Eni S.p.A. operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally.
- The company engages in exploration, development, extracting, manufacturing, trading, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources.
- The company operates through Exploration & Production; Global Gas & LNG Portfolio and Power; Refining and Chemicals; Enilive; Plenitude; and Corporate and Other Activities segments.
- The company engages in research, development, and production of oil, condensates, and natural gas.
- It is also involved in the supply and sale of wholesale natural gas through pipelines; electricity; and international transport, and purchase and marketing of liquefied natural gas.
- In addition, the company supplies bio-feedstock and crude oil; and stores, produces, distributes, and markets biofuels, oil products, biomethane, basic chemical and petrochemical products, intermediates, plastics and elastomers, and other chemicals, as well as provides smart mobility solutions and services.
- Further, the company engages in the retail marketing of gas, power, and related services; production and wholesale sale of electricity from renewable plants; and building and managing a network of charging points for electric vehicles.
- Eni S.p.A. was founded in 1953 and is headquartered in Rome, Italy.