Also trades as SNM.OL.
SNM-SDB.ST
HoldFallen FavouriteAI neutralShaMaran Petroleum Ltd. · Energy · Bermuda · $413M cap · $298K/day traded
SEK 1.65 +0.1% · close 13 Oct · scored 14 Oct
Fallen Favourite: A good business, still expensive, and the price is falling.
As of 14 Oct 2026, MoatMap's StockRank for ShaMaran Petroleum Ltd. (SNM-SDB.ST) is 64/100, ranked against 24,000+ stocks in 35 markets (Quality 76, Value 49, Momentum 34, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
ShaMaran is a Lundin-family oil producer with assets in Iraqi Kurdistan, and $100 Brent would normally be a strong tailwind. However, an explosion at its Kurdish facility has temporarily stopped production, and Kurdistan exports have a history of pipeline and payment disruptions. As a single-region commodity producer it lacks the durable quality characteristics of a long-term compounder.
ABOUT SHAMARAN PETROLEUM LTD.
Read
ShaMaran Petroleum Ltd., together with its subsidiaries, engages in oil and gas exploration and production. It has working interest in the Atrush Block in the Kurdistan region of Iraq, as well as holds working interest in the Sarsang Block in the Kurdistan region of Iraq.
FINANCIAL SUMMARY (SEK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8B | 828.1M | 1.1B | 1.5B | -4.3% | 1.4B | 1.1B | 2.5B | 27.5% |
| EPS (SEK) | 0.50 | -0.10 | 0.30 | 0.10 | -41.5% | — | — | — | — |
| Shares | 2.8B | 2.8B | 2.8B | 2.9B | +2.4% | 2.9B | — | — | — |
| Debt | 2.9B | 2.7B | 2.1B | 1.5B | -20.0% | 1.3B | — | — | — |
| Equity | 1.6B | 1.4B | 2.2B | 2.5B | 15.1% | — | — | — | — |
| Op CF | 1.1B | 404.5M | 978.8M | 690.1M | -13.1% | 342.0M | — | — | — |
| Inv CF | -1.2B | -222.6M | -40.5M | -61.1M | — | — | — | — | — |
| Fin CF | -474.4M | -522.1M | -890.2M | -977.2M | — | — | — | — | — |
Not enough steady price history for a read yet.
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of SNM-SDB.ST are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SNM-SDB.ST | ShaMaran Petroleum Ltd.(you) | $413M | 64 | Hold |
| GKP.L | Gulf Keystone Petroleum Limited | $570M | 66 | Buy |
| BWE.OL | BW Energy Limited | $1.6B | 57 | Hold |
| PLSV.OL | Paratus Energy Services Ltd. | $830M | 65 | Hold |
| NBR | Nabors Industries Ltd. | $1.3B | 67 | Buy |
| BWO.OL | BW Offshore Limited | $764M | 49 | Hold |
| NAT | Nordic American Tankers Limited | $1.6B | 72 | Buy |
| FLNG | FLEX LNG Ltd. | $1.7B | 54 | Hold |
| TK | Teekay Corporation Ltd. | $1.2B | 99 | Strong Buy |
| NOL.OL | Northern Ocean Ltd. | $232M | 19 | Strong Sell |
Peer medians: ROE 10.1% · P/E 14.4x · Gross margin 50.3%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.