Nostrum Oil & Gas

Nostrum Oil & Gas is an independent oil and gas company, engaged in the production, development and exploration of oil and gas. Co. operates three exploration concessions and are primarily conducted through its oil and gas producing subsidiary Zhaikmunai LLP located in Kazakhstan. Zhaikmunai LLP carries out its activities in accordance with the Contract for Additional Exploration, Production and Production-Sharing of Crude Hydrocarbons in the Chinarevskoye oil and gas condensate field for the exploration and production of hydrocarbons in Chinarevskoye oil and gas condensate field.
  • TickerNOG
  • ISINGB00BGP6Q951
  • ExchangeLondon Stock Exchange
  • SectorOil & Gas Producers
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 24062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value anlaysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prcies.

Philip Morrish

Value Indicator - UK Main Market 240652019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quted companies on the London Stock Exchange's main market that provides the reader with indicative long-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 17062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indiciative longer-term tagret prices.

Philip Morrish

Value Indicator - UK Main Market 17062019

Currently (TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market hat provdes the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Basic Resources 10062019

currently '(TM)Value Indicator - UK BAsic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Research Team

The Rear-View Mirror – EME markets: Another strong month for ASE index, up 7.4% mom

EME Equity Market – May 2019 Market performance – ASE index the best performer, up 7.4% mom in May. In May, the MSCI EME improved by 0.9% mom. The ASE index rose by 7.4% in May, following a mom rise of 7.2% in April; while Moscow’s index gained 4.1%; and Bucharest’s BET index was up 0.6% mom. On the other hand, the worst performer was Turkey’s ISE30, down 4.8% mom; while the WIG20 index saw mom losses of 4.1%; the BUX index fell 3.8% in May; and Prague’s PX index dropped 2.3% mom.

Research Team

The Rear-View Mirror – EME markets: Greek equities stand out in April

EME Equity Market – April 2019 Market performance – Greece up 7.2% mom in EUR terms in April 2019. The MSCI EME gained 2.4% in April, and was outperformed by the Greek ASE index, which rose 7.2%. The second-best performing market in EME was Romania, with the BET index up 5.3% mom, followed by the Russian MOEX (+4.1% mom), the Polish WIG20 (+1.4% mom) and the Hungarian BUX (+1.3% mom). The Czech PX index was flat mom; while the Turkish ISE30 dropped by 4.5% mom, but this was related to the depreciation of the TRY against the EUR, as the index was up 1.2% mom in TRY terms.

Research Team

The Rear-View Mirror – EME markets: Turkish ISE30 plummets in March

EME Equity Market – March 2019 Market performance – Turkish ISE index down 13.9% in March. In March, the MSCI EME remained flat, following February’s 1.6% mom contraction. Bucharest’s BET index was the best performer in March, +4.2% mom; followed by the MOEX index (2.1% mom); the ASE index (+2.0% mom); and Budapest’s BUX (+1.5% mom). In negative territory, the worst performer was the Turkish ISE30, -13.9% mom; while the WIG20 and the Czech PX lost 0.9% mom and 0.5% mom, respectively.

Research Team

The Rear-View Mirror – EME markets: ASE rallied in February

EME Equity Market – February 2019 Market performance – ASE Index up 11.5% mom in February. The ASE index outperformed its rivals in February, rising by 11.5%, following a mom gain of 3.5% in January. Bucharest was the second-best performer, up 10.2% in February, while Prague’s PX recorded a mom gain of 3.2%. The MSCI EME was in correction mode in February, losing 1.6% mom, following January’s double-digit growth of 11.3% mom; while the MOEX and BUX both lost 1.3% mom in February; and the Turkish ISE30 was down 2.1% mom. Last but not least, the worst performer was the WIG20, which recorded a lo...

Research Team

Focus: upgrading CME to BUY, with a new PT of USD 4.50/CZK 102.3/share; MedLife – sharply lower capex guided for FY19E; Polish banks – strategic investors write to the EC complaining about the FX mortgage draft bill

HEADLINES: • CME: Successful deleveraging topped by dividends (upgrade to BUY) • MedLife: sharply lower capex guided for FY19E POSITIVE • Polish banks: strategic investors write to the EC complaining about the FX mortgage draft bill NEUTRAL • Polish gencos: government submits new draft proposal on power prices POSITIVE • Tauron: expects a PLN 378m impairment to net profit in 2018E NEGATIVE • Kernel: acquires the second-largest grain-hopper wagon fleet operator in Ukraine POSITIVE • Nostrum Oil & Gas: Moody's downgrades family rating to B3 NEUTRAL • X5: announces joint venture with PickPoint P...

Research Team

Focus: Benefit Systems issues profit warning on higher fitness loss and MSSF 16 implementation; Orange Polska: 1Q19 results review - soft as expected, plus acquisition of BlueSoft; GPW’s strong 1Q19 results - 6% beat on EBIT and EBITDA

HEADLINES: • Benefit Systems: profit warning on higher fitness loss and MSSF 16 implementation NEGATIVE • Orange Polska: 1Q19 results review - soft as expected NEUTRAL • Orange Polska: concludes a preliminary agreement to acquire 100% of the shares of BlueSoft NEUTRAL • GPW: strong 1Q19 results - 6% beat on EBIT and EBITDA driven by better revenues than expected POSITIVE • mBank: neutral 1Q19 numbers - weak start to 2019E makes our PLN 1.3bn net income look ambitious NEUTRAL • Santander Bank Polska: neutral numbers, affected by restructuring reserve and BFG NEUTRAL • Lotos Q1 results, in line...

Research Team

Focus: Ciech’s 2019-2021E strategy – diversification and profitability higher than the market expects; Polish gencos – 2022 capacity auction – no surprises this time, 2022 price solid; EME Strategy – FTSE indices review – December 2018

HEADLINES: • Ciech: 2019-2021E strategy - diversification and profitability higher than the market expects POSITIVE • Polish gencos: 2022 capacity auction - no surprises this time, 2022 price solid NEUTRAL • EME Strategy: FTSE indices review - December 2018 NEUTRAL • WOOD's Winter in Prague: postcards – CD Projekt, Cyfrowy Polsat, Orange Polska, PKN Orlen, Play Communications, Wirtualna Polska, 11 bit studios, Purcari Wineries, DP Eurasia, Migros, MLP Care, Turkcell, Georgia Healthcare Group, Nostrum Oil & Gas, Kernel • Short News (CIE)

Research Team

WOOD Morning (28 November)

HEADLINES: • EME Macro/Strategy: Year Ahead 2019 - the turning point • Nostrum Oil & Gas: delivery a long way off (downgraded to HOLD) • Getin Noble Bank: 3Q18 results a non-event in context of deposit outflow NEUTRAL • Echo Investment: 3Q18 - a decent quarter, but focus is elsewhere NEUTRAL • LiveChat Software: soft calendar 3Q18 results, 5% miss vs. our EBITDA forecast NEGATIVE • Aegean Airlines: 3Q18 results - beat consensus by 5% on both top and bottom lines • OPAP: 3Q results broadly in line with expectations • Alior Bank: takeaways from conference call with bank's representatives •...

Research Team

Focus: mBank – small miss on 3Q18 bottom line due to high admin costs and one-offs in other income; Lenta’s 3Q18 trading update – soft operationally, but GDR buyback supports our positive message

HEADLINES: • mBank: small miss on 3Q18 bottom line due to high admin costs and one-offs in other income • Lenta: 3Q18 trading update - soft operationally, but GDR buyback supports our positive message POSITIVE • Nostrum Oil & Gas: releases 3Q18 operational update NEGATIVE • Lotos: 3Q18 review - results generally in line with preliminary numbers NEUTRAL • Dom Development: 3Q18 - results in line; doing well operationally; shares look cheap NEUTRAL • Emlak Konut: 3Q18 review - predictably weak NEUTRAL • Forte: 3Q18 preliminary results far below market consensus NEGATIVE • Ferrexpo: analyst dinn...

Research Team

Focus: LPP’s 2Q18 broadly in line with the preliminary numbers, margin guidance reconfirmed; Kruk acquires debt portfolio in Italy; CCC’s August sales up 37% yoy; Polish media – CPS’ commercial audience share was 25.66% in August

HEADLINES: • LPP: 2Q18 broadly in line with the preliminary numbers, margin guidance reconfirmed NEGATIVE • Kruk: acquires debt portfolio in Italy POSITIVE • CCC: August sales up 37% yoy POSITIVE • Polish media: CPS' commercial audience share was 25.66% in August, while WPL's reached 0.42% NEUTRAL • 11 bit: next game to have a budget of up to PLN 20m NEUTRAL • Hellenic Petroleum: HCMC imposes an additional rule on the company's privatisation • Nostrum Oil & Gas: clarification on the well collapse, following a call with the company NEUTRAL • Gazprom: board of directors meeting due on 5 Septemb...

Philip Morrish

Value Indicator - UK Basic Resources 24062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value anlaysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prcies.

Philip Morrish

Value Indicator - UK Main Market 240652019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quted companies on the London Stock Exchange's main market that provides the reader with indicative long-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 17062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indiciative longer-term tagret prices.

Philip Morrish

Value Indicator - UK Main Market 17062019

Currently (TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market hat provdes the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Basic Resources 10062019

currently '(TM)Value Indicator - UK BAsic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

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