Sep 17 2021
Resources & environment
Recent Research
Tullow Oil, H1 2021 results
Sep 15 2021
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ITM Power
New forecasts reflect lower price and higher volume assumptions
Following ITM’s full year results, we have updated our forecasts. We have made significant reductions to price assumptions, which in turn drive higher volume forecasts. These largely...
Tullow Oil
H1 2021 results
H1 2021 marked a transformational period for Tullow following its successful debt refinancing. H1 2021 results are in line with guidance and our forecasts. The company has made another...
ITM Power
FY results statement reflects significant developments in the tender opportunity pipeline
ITM has reported its full year results to April 30th 2021 following the trading update that was released on June 10th. The results are broadly in line with expectations. The growth in MW...
Kenmare
Upgrading forecasts with $1bn book value possible in 2021
Following Kenmare’s interim results, we are putting through upgrades to our earnings forecasts. These continue to assume ilmenite prices well below spot, and our 2022/2023 earnings...
ITM Power
The latest industry and company news is supportive
The UK has announced its hydrogen strategy and plans to achieve its production targets. ITM has become a central element of the UK’s hydrogen strategy. The EU has accelerated its...
Kenmare
H1 results reflect strong growth in volumes and prices
Kenmare’s results for H1 2021 reflect very significant earnings growth, driven by a powerful combination of higher volumes and prices. The results were partially held back by the timing...
Providence Resources
Update on the latest newsflow
Providence Resources has announced two additions to strengthen its Board, which follows the recent change in the Chairman. At the AGM yesterday (July 22nd), the company announced a...
Kenmare
Q2 production update reflects strong operating performance
Kenmare has released a statement providing details on its production in Q2. Ilmenite production of 283,900 tonnes is slightly above our forecast and full year production guidance has...
Tullow Oil
Trading statement reflects an increase in production guidance
Tullow Oil has released a trading statement for H1 2021. Production of 61,200 barrels of oil per day (bopd) is slightly better than expected, due to operating performance at Jubilee in...
ITM Power
Chile meeting represents transformational opportunity
The Minister for Energy and Mining in Chile met ITM Power management on Saturday (June 26th) as part of a state visit to the UK and other countries. Chile has one of the most...
