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Energean Oil & Gas

 

Buy Energean Oil & Gas shares

ENERGEAN OIL & GAS (ENOG) Shares

ABOUT ENERGEAN OIL & GAS

Energean Oil & Gas is an oil and gas exploration and development company.

Its portfolio includes 17 licences and produce, develop and explore in numerous locations across the Eastern Mediterranean.

The company focuses on the development of assets that create long term value across 9 countries.

Energean operates through five divisions – Greece, Egypt, Montenegro, Israel and New Ventures. Its main assets are the Tanin fields and Karish fields.

It has an estimated 347 million barrels of oil equivalents as of April 2019.

Energean Oil & Gas is a FTSE 250 Index constituent. The company is headquartered in Marousi, Athens, Greece.

OVERVIEW OF ENERGEAN OIL & GAS

  • Greek-owned Aegean Energy SA if established in December 2007 when Eurotech Services SA is purchased from Regal Petroleum.

  • The company soon buys other businesses and expands its portfolio by developing sites in the north Aegean Sea, Egypt, Israel and other locations.

  • In 2010 the company is renamed Energean Oil & Gas.

  • In 2018 it has its initial public offering on the London Stock Exchange. It offers a total of 72,592,016 ordinary shares at a purchase price of £ 4.55 per share.

  • During these past years the company experience great success and receives several awards and recognitions, including Oil & Gas deal of the year, Energy Company of the year, Deal of the year, Small Deal of the year, Executive of the year and Small Cap of the year.

VISION & VALUES OF ENERGEAN OIL & GAS

  • Energean Oil & Gas is committed to operate in a sustainable and responsible manner. It meets the expectations of its shareholders and customers and acts with ethical values and integrity.

  • The company’s responsibilities include the safety and health of its employees and others in its facilities, caring for its environment and minimizing its carbon footprint, supporting the communities from which it operates and contributing to the development of sustainable communities.

  • The company’s employees are given regular training on procedures in case of emergencies and its facilities contain all necessary technology and equipment in case of emergencies.

  • Programs are followed to minimize environmental risks and the company holds an excellent track record of zero incidents.

MARKET PERFORMANCE OF ENERGEAN OIL & GAS

  • Energean Oil & Gas trades on the Financial Times Stock Exchange under the FTSE stock symbol “ENOG”.

  • Data analysis for the company’s first half for 2019 reports a revenue of US Dollar 40 million. Cost of production is US Dollar 19 per barrel of oil equivalent.

  • EBIRDAX is US Dollar 23.6 million and cash from operations are US Dollar 23.7 million. Production is 3 400 – 3 600 barrels of oil per day. Cost of production is c. US Dollar 20 per barrel. Net debt /(cash) is US Dollar 390 million.

  • Potential investors can buy shares now at an affordable price.

Buy ENERGEAN OIL & GAS stocks / shares – A Step by Step Guide how to Buy / Purchase ENERGEAN OIL & GAS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ENERGEAN OIL & GAS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ENERGEAN OIL & GAS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ENERGEAN OIL & GAS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ENERGEAN OIL & GAS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ENERGEAN OIL & GAS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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