January 12th, 2022 | 13:17 CET
Energy stocks after oil price rise: BP, Saturn Oil + Gas, Shell
Table of contents:
"[...] Recovery rates of more than 90% rare earths are another piece of the puzzle on the way to the economic viability of our project. [...]" Craig Taylor, CEO, Defense Metals
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
Omicron displaces worries
BP's stock is trading briskly on Tradegate today, gaining 1.70% to EUR 4.52, moving well away from the December 2021 low of below EUR 3.80. The European competitor Shell can record a price increase of 1.43% to EUR 21.56 and is also traded briskly. Within one month, the value of the share has risen by over EUR 3.00. The Corona pandemic seems to have lost its fright with the Omicron variant.
Experts recommend share as a buy
The share of the Canadian producer Saturn Oil & Gas was able to record a phased price increase of over 30% in the past four weeks. The share increased from a low of EUR 1.99 to a peak of EUR 2.70. Currently, the company's share price is unchanged from the previous day at EUR 2.50. Saturn was able to generate EBITDA of CAD 17.2 million in Q3 2021 with revenues of CAD 48.5 million. The company's market capitalization is around CAD 88 million at the current price of CAD 3.49. The analysts at GBC Research recently gave a price target of CAD 12.17 and the experts at Beacon Securities see the value at CAD 10.15 - both agree on the rating: BUY.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a "Transaction"). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company.
In this respect, there is a concrete conflict of interest in the reporting on the companies.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is also a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.