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Margin Of Safety's avatar

Nice write up. I am not as familiar with Aker, but I believe I read they recently made a nice discovery. Equinor may also have an advantage due to LNG.

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Joel Sherwood's avatar

Thank you. And yes, Equinor’s LNG ops. Significant.

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Hermann Novakovic's avatar

Thank you very much for your post!

I was not able to find out why Norwegian can produce sooo cheap oil, there is no logic factor behind it and what disturbs me about AKER BP is the last dividend cut, this is no good sign

All in all, I think it's a good company

But those 2 facts bother me

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Joel Sherwood's avatar

Thanks as well. Lots of factors to weigh in any investment case. I heard an oil analyst say recently we're nearing a bottom for prices. That there's no business case for producing lower than the 50-60 USD level we're nearing now. His guess was prices will have to go up. Who knows. In any case, caution is always wise. Thanks again, stay in touch, and have a great rest of your day.

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Joel Sherwood's avatar

Hi Raoul, thank you. And yeah, Vår Energi and Aker BP are very similar. In fact, I thought long and hard about Vår. The single biggest difference for me is debt. I think Vår has like 550% debt/equity right vs AkerBP's like 60%. I prefer low debt. And when it comes to Equinor and Aker BP, rather than comparing, I see them as nicely complementing each other. Hope all this makes sense Raoul. Keep in touch and have a great day today.

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Raoul Barto's avatar

Thank you for sharing. For me Var Energi is missing, its more comparable then Equinor.

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