Resources & environment

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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...