Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
PNOR.OL
STRONG BUYFLAGGet insider-trade alertsPetroNor E&P ASA · Energy · Norway · $155M · Avg Vol: $942K/d
PetroNor E&P is an independent oil and gas producer with assets in West Africa. It benefits directly from the structural floor in global energy prices driven by geopolitical instability. With high quality scores and low-cost production, it offers significant operating leverage. However, the high concentration of assets in politically complex jurisdictions prevents us from making this a high-conviction core holding.
COMPANY DESCRIPTION
PetroNor E&P ASA is an independent oil and gas exploration and production company with a portfolio of production and development assets in West Africa, primarily offshore Republic of Congo and Nigeria. The company focuses on low-risk, high-margin production optimization and redevelopment of mature fields. Its competitive moat is built on low operating costs per barrel, strong local government relationships, and a highly experienced management team.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 146.1M | 187.3M | 204.5M | 83.1M | -17.1% |
| EPS | — | 0.18 | 0.35 | 0.25 | 0.06 | -32.1% |
| Shares | — | 142.4M | 142.4M | 142.4M | 142.4M | +0.0% |
| Debt | 0 | 11.0M | 5.5M | 0 | 0 | -50.0% |
| Equity | — | 97.6M | 166.4M | 196.2M | 147.7M | 14.8% |
| Op CF | — | 35.2M | 49.4M | 60.8M | 60.7M | 20.0% |
| Inv CF | — | -38.1M | -18.5M | -15.4M | -19.7M | — |
| Fin CF | — | -4.0M | -9.5M | -11.9M | -61.8M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of PNOR.OL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| PNOR.OL | PetroNor E&P ASA(you) | $155M | 95 | STRONG BUY |
| OKEA.OL | OKEA ASA | $324M | 73 | BUY |
| BNOR.OL | BlueNord ASA | $1.3B | 99 | STRONG BUY |
| DNO.OL | DNO ASA | $1.6B | 96 | STRONG BUY |
| PEN.OL | Panoro Energy ASA | $352M | 59 | HOLD |
| VAR.OL | Vår Energi ASA | $10.2B | 98 | STRONG BUY |
| AKRBP.OL | Aker BP ASA | $19.3B | 97 | STRONG BUY |
| NORAM.OL | NorAm Drilling AS | $172M | 91 | STRONG BUY |
| DVD.OL | Deep Value Driller AS | $192M | 93 | STRONG BUY |
| JACK.OL | Jacktel AS | $109M | 94 | STRONG BUY |
Peer medians: ROE 9.2% · P/E 12.7x · Gross margin 59.7%