Enterprise Oil
Article Abstract:
Enterprise Oil has seen a drop in its stock price, though the company should benefit from healthy petroleum prices. The company has invested in production and has not hedged sales, so should benefit from strong prices. The company also exercises financial discipline over its drilling projects. Enterprise may be an acquisition target, and the company may also be able to acquire assets cheaply. Enterprise has focused its portfolio on areas where the company has developed expertise, and is performing well in the Gulf of Mexico, and is also involved in Norway, Ireland and British fields.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Building a monument in Turkmen territory
Article Abstract:
Monument Oil and Gas has signed an agreement with Turkenistan which will allow the company to develop petroleum interests near the Caspian Sea. There could be great potential for this projects with a possible 6 billion barrels of reserves. The company faces problems such as as lack of infrastructure such as storage facilities and pipelines, and Monument may have to pay $500 million to gain access to the petroleum. The company is operating with Mobil as its partner. Despite the risks, the company's shares offer an opportunity for investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Enterprise Oil
Article Abstract:
Enterprise Oil is the largest independent petroleum exploration and production concern in the United Kingdom. The company's stock prices has been affected by a drop in petroleum prices, and is unlikely to rise rapidly unless petroleum prices rise. The company's interim profit due in Sep 1998, is likely to be small, but Enterprise should show strong production growth over the medium term. The company is a low-cost producer and is mainly exposed to political regimes that are relatively benign.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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