Repsol

Ibex, Markets 23rd April 2020

Saudi Arabia’s Sovereign Wealth Fund Also Buys Shares in Repsol Amid The Crisis

The increase in WTI to $15.1/barrel and Brent to $22.22/barrel has boosted Repsol’s shares, which were trading today 2.06% higher. Despite this small respite, the Spanish oil firm has not been able to escape the latest moves of the Saudi Arabian sovereign wealth fund and is amongst the big European oil companies included in a list of stock market forays on the part of the Public Investment Fund (PIF) over the last few weeks, reported Financial Times.

Ibex, Markets 27th March 2020

Repsol Presents Its 2020 Coronavirus Resilience Plan, With Sufficient Liquidity Until 2024

In a scenario of oil prices (Brent) at $35 and Gas (Henry Hub) at $1.8, Repsol has drawn up a contingency plan to deal with the impact of COVID-19. This includes cancelling the extra share buyback for 5% of capital due to be executed in May, which, totalled 1Bn euros, but maintaining its dividend at €1 per share. The company also flags that it has sufficient liquidity to deal with this situation at least until 2024.

World economy 10th March 2020

The Oil Sector Below The ‘Break Even’: ENI’s DPS Would Be In Danger; Total’s And Repsol’s Would Not

Brent crude oil is trading at $36 a barrel, down 20%, after OPEC and Russia broke off negotiations on Friday to try and cut the supply by 1.5 million barrels a day. At these levels, it completely breaks through the level indicated by the sector as break even, namely 45-55 dollars. Banco Sabadell analyses the sensitivity of the stocks they cover to variations in crude prices: Repsol, Total and ENI.

Ibex, Markets 18th February 2020

Repsol Will Provision €837 M In 2019 Results For Its Litigation With Addax And Sinopec

Repsol will make a provision of 837 million euros, representing 4% of its market cap, in its 2019 results after the first partial award (of a total of five) issued by the Arbitration Court in 2020. This has been found in favour of Addax and Sinopec in their litigation against Talisman Energy (currently “ROGCI”) and Talisman Colombia Holdco Limited.

World economy 15th February 2020

How Sustainability Affects Integrated Oil & Gas Firms: Credit Quality Stable; ESG-Linked Issues Down

Growing concerns from US and European investors and regulators over the sustainability of integrated oil and gas companies’ business models have brought forward their potential impact on the sector’s credit quality to the medium from long term. Scope Ratings says the near-term, 2020 credit outlook for the integrated oil & gas sector remains stable.

Companies 26th December 2019

-12.2% cut in Repsol EPS estimates in 2019 and -7.63% in 2020

Alphavalue | We have lowered the EPS estimates for Repsol (2019 by – 12.2% and 2020 by – 7.63%) after incorporating the results of the last quarter and lower expectations of gas prices in the US.

Companies, World economy 12th December 2019

Refining margins will increase in 2020: Overweight Repsol (Target Price 18 euros / share)

Morgan Stanley | Global refinery margins have fallen sharply this year and we think we are going to see a rebound in 2020 for a host of reasons: the price of HSFO has fallen to a level where it already competes in power generation, which limits its fall from these levels.

Ibex, Markets 5th December 2019

Repsol Aims To Become The First Oil And Gas Firm In The World To Achieve Net Zero Emissions By 2050

Repsol expects to adjust the accounting value of some assets, with a post-tax accounting charge of approximately 4.8 billion euros in order to achieve net zero emissions by 2050. This adjustment will reduce specific reported income for 2019 but does not alter the company’s cash flow for the year nor the announced proposal to increase shareholder remuneration.

Ibex 5th November 2019

Repsol results disappoint for lower realisation prices in crude and gas

Bankinter | Repsol has published weak results for 3Q19. Principal figures compared with the consensus (Bloomberg): Ebitda 1.597 Bn€ (-21%); adjusted NAP 522 M€ (-11%) vs 529 M€ estimated (Bloomberg); Net Profit 333 M€ (-47%).

Ibex 13th October 2019

Repsol wins four oil concessions in Brazil, Repsol, brazil

Link Securities | Repsol has won a total of four concessions in Brazil’s marine oil and gas exploration blocks in the auction held by the National Petroleum Agency (ANP) of the country.

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