Category Archives: Oil and gas

2023 High Conviction Stocks: November Performance Review

Our conviction stocks closed higher in November, gaining 1.8% m/m, underperforming the ASI by 1.2ppts. [...]

TOTALENERGIES MARKETING NIGERIA PLC Q3’23 Earnings: FX losses continue to pressure bottom line

Analyst: Victoria Ejugwu* Target price: ₦378.63 Rating: SELL Revenue performance largely comes in line with [...]

SEPLAT ENERGY PLC Q3’23 Earnings: FX losses, pressure margins

Analyst: Victoria Ejugwu* Target price: ₦1,637.34 Rating: SELL Improved production drives topline performance Despite weaker oil [...]