Q: Your take on their results please. As good as they claim?
5i Research Answer:
Production was a record, and rose 6.1%. But profit did fall 22% due to lower oil and gas prices. Revenue rose 1.3%. Debt is now less than $1B and the balance sheet is in very good shape. 2025 production guidance was unchanged at 178,000 boe/day. The results are good, and the stock remains very cheap. It just needs stronger commodity prices. We would not expect a lot of impact from tariffs here and would continue to endorse the stock as a sector buy.