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BNOR.OL

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BlueNord ASA · Energy · Norway · $1.3B · Avg Vol: $9M/d

99
StockRank
Q
65
V
77
M
68
P/E (TTM)
20.7x
ROE
14.0%
D/E
2.3x
Dividend %
26.2%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

BlueNord is a premier North Sea oil and gas producer that recently brought the massive Tyra gas field back online. This asset inflection coincides perfectly with Europe's structural need for secure, non-Russian, non-Middle Eastern natural gas. Trading at an incredibly cheap multiple of forward free cash flow, BlueNord offers a massive margin of safety and a clear capital return runway that perfectly satisfies the Buffett and Druckenmiller lenses.

COMPANY DESCRIPTION

BlueNord ASA is an independent oil and gas company with a strategic focus on exploration, development, and production in the North Sea. The company's primary asset is its non-operating interest in the Danish Underground Consortium, which accounts for a substantial portion of Denmark's gas production. This core asset, particularly the Tyra redevelopment project, positions BlueNord as a key contributor to European energy security with low-cost, long-term production.

FINANCIAL SUMMARY (USD)

Year20212022202320242025CAGR
Revenue—966.9M795.1M702.3M1.0B2.1%
EPS-2.20-0.404.20-2.703.60-7.4%
Shares—25.7M26.2M26.5M25.6M-0.5%
Debt—1.1B1.2B1.4B1.1B-1.5%
Equity—664.3M813.6M695.7M768.0M5.0%
Op CF—561.3M249.9M308.5M416.5M-9.5%
Inv CF—-259.0M-347.6M-250.3M109.3M—
Fin CF—-156.5M-3.9M25.6M-633.6M—
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PRICE (1Y)-10.9%
51.3153.6055.8958.1960.48May 13Jun 5Jun 25
SMA 50SMA 200
Close
$51.31
RSI (14)
25.0
52W High
$58.46
From 52W High
0.9%

SCORE BREAKDOWN

Quality
65
ROIC
7.7%53.4
ROE
14.0%76.8
GP/Assets
191.6%95.7
Op. Margin
34.3%87.7
FCF/Assets
151.2%98.9
Piotroski
892.3
Int. Cover
1.6x27.1
D/E Ratio
2.32x8.2
Current Ratio
0.79x19.1
Value
77
P/E (TTM)
20.7x36.5
EV/EBITDA
2.2x94.2
P/FCF
2.4x91.9
P/B
0.8x75.4
P/S
1.2x60.6
Div Yield
26.2%99.0
Momentum
68
52W High %
88%84.1
RS 6M
25%73.2
SMA 50/200
1.24x80.5
EPS Rev 4W
-5.2%9.1
EPS Rev 12W
—N/A
EPS Improve
+109%62.7
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$1.3B
P/E (Forward)
9.9x
Gross Margin
61.6%

SECTOR PEERS

Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of BNOR.OL are excluded.

TickerCompanyMkt CapStockRankSignal
BNOR.OLBlueNord ASA(you)$1.3B99STRONG BUY
DNO.OLDNO ASA$1.6B96STRONG BUY
VAR.OLVår Energi ASA$10.2B98STRONG BUY
PNOR.OLPetroNor E&P ASA$155M95STRONG BUY
OKEA.OLOKEA ASA$324M73BUY
AKRBP.OLAker BP ASA$19.3B97STRONG BUY
PEN.OLPanoro Energy ASA$352M59HOLD
AKSO.OLAker Solutions ASA$2.2B100STRONG BUY
TGS.OLTGS ASA$2.6B96STRONG BUY
SEA1.OLSea1 Offshore Inc.$378M97STRONG BUY

Peer medians: ROE 5.4% · P/E 12.7x · Gross margin 59.6%

BlueNord ASA (BNOR.OL) — Stock Score Summary

BlueNord ASA (BNOR.OL) has a MoatMap StockRank of 99/100 based on Quality (65/100), Value (77/100), and Momentum (68/100) factor scores. The current signal is STRONG BUY. BlueNord is a premier North Sea oil and gas producer that recently brought the massive Tyra gas field back online. This asset inflection coincides perfectly with Europe's structural need for secure, non-Russian, non-Middle Eastern natural gas. Trading at an incredibly cheap multiple of forward free cash flow, BlueNord offers a massive margin of safety and a clear capital return runway that perfectly satisfies the Buffett and Druckenmiller lenses.

BlueNord ASA is an independent oil and gas company with a strategic focus on exploration, development, and production in the North Sea. The company's primary asset is its non-operating interest in the Danish Underground Consortium, which accounts for a substantial portion of Denmark's gas production. This core asset, particularly the Tyra redevelopment project, positions BlueNord as a key contributor to European energy security with low-cost, long-term production.

Key Financial Metrics

Price$51.31
Market Cap$1.3B
P/E (TTM)20.66
P/E (Forward)9.89
Price/Book0.82
Return on Equity14.0%
Return on Invested Capital7.7%
Debt/Equity231.72
Gross Margin61.6%
Operating Margin34.3%
Revenue Growth40.2%
Dividend Yield26.2%
Free Cash Flow$549M

BlueNord ASA operates in the Oil & Gas E&P industry, part of the Energy sector (Norway).

Frequently Asked Questions

What is BlueNord ASA’s (BNOR.OL) StockRank?
MoatMap’s StockRank for BlueNord ASA (BNOR.OL) is 99/100, with a Strong Buy signal. It is a composite of Quality (65), Value (77), and Momentum (68) factor ranks across MoatMap’s 20,000+ stock universe.
Does BlueNord ASA have an economic moat?
BlueNord ASA (BNOR.OL) has a Quality factor score of 65/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is BlueNord ASA a buy, hold, or sell?
MoatMap’s current signal for BlueNord ASA (BNOR.OL) is Strong Buy, based on a StockRank of 99/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is BlueNord ASA in?
BlueNord ASA (BNOR.OL) operates in the Energy sector, specifically the Oil & Gas E&P industry (Norway).
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