9Lun
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.
In the link you will find several discoveries combined by the license holders in the North Sea and Norwegian Sea: https://www.norskpetroleum.no/en/facts/field/
In the link you will find several discoveries combined by the license holders in the North Sea and Norwegian Sea: https://www.norskpetroleum.no/en/facts/field/
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9Lun
@wealth_strategist_297I am actually not quite so skeptical for this reason alone: https://varenergi.no/news/var-energi-to-acquire-neptune-energys-norwegian-oil-and-gas-assets-to-accelerate-growth-and-value-creation-on-the-ncs/. The debt level and liabilities are almost always at the same level every quarter.
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