2Sem.·

Position in Paratus Energy Services increased - diversification, strong backlog and exceptional dividend

I have increased my position in Paratus Energy Services by 700 to 5,815 shares. Paratus impresses with its broad diversification via Fontis Energy (jack-ups in Mexico), Seagems (50% in six PLSVs in Brazil) and a 24% stake in $ARCH (+0 %) Archer.


The long-term contracts are particularly attractive: Seagems has a backlog of around USD 2.1 billion with terms until 2028, while Fontis has around USD 317 million until at least 2026.


The current dividend yield is around 25-28%, depending on the share price and exchange rate.


The main risk remains Fontis' dependence on PEMEX, but this seems manageable to me at present, as there are no further early termination options and the other segments are very stable.

22.05
PLS
Acheté x700 à 3,082 €
2 157,40 €
4
2 Commentaires

The dividend is never sustainable 😂😅
image de profil
@Dario1 inform yourself first before you judge. Thank you.
Participez à la conversation