I'm currently trying to decide on a relatively simple approach that should give me good exposure to growth stocks, while at the same time getting a decent amount of dividends for psychological reasons as I want to motivate myself. In the future I may avoid individual stocks, but for now the stocks I've chosen are there to give me more exposure to the energy and real estate sectors and more dividends.
Sandnes, Norway, 12 April 2024: Vår Energi ASA (OSE: VAR, the "Company") will publish its financial report for the first quarter 2024 on Tuesday 23 April. Today, the Company provides an update on production, sales volumes, and other relevant items.
Vår Energi’s net production of oil, liquids and natural gas averaged 299 kboepd in the first quarter of 2024, an increase of 33% from the fourth quarter of 2023 and an increase of 40% compared to the first quarter of 2023. The increased production in the quarter reflects volumes from Vår Energi Norge AS (formerly Neptune Energy Norge AS) accounted for from 1 January 2024 and a full quarter with production from the Breidablikk field, which started up in the fourth quarter of 2023. „
With Vår Energi, I see that they don't have the biggest share of the pie at the moment and that their remaining reserves, for which they have licenses, are becoming increasingly scarce. I don't see them growing and I'm also concerned about their total debt to equity ratio (last quarterly report) of 184.59%. Dividends are positive, but in my opinion they should also be sustainable.
