Ithaca Energy PLC (LSE:ITH) shareholders Delek and Eni UK have sold close to 50 million shares in a placing to institutional investors. Priced at 213.75p each, the share sale raising about £106 million for the sellers.
I use YCharts' Value Score and Ben Graham Formula to identify large-cap value stocks offering strong intrinsic value and stable dividends. Analyst forecasts suggest top-ten GASV 'Dogs' could deliver 17.9% to 36.88% net gains by August 2026, with average gains near 23.6%. Eight of fourteen 'safer' lowest-priced GASV stocks are currently fair-priced and buyable, combining positive free cash flow ...
U.S. asset manager BlackRock's infrastructure fund GIP has agreed to buy a 49.99% stake in Eni's carbon capture and storage business (CCUS), the Italian company said on Monday without disclosing the price.
About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources.
Italian energy group Eni said on Friday its second-quarter earnings fell 25% year on year as lower oil price, refining margins and a weaker dollar overshadowed a better than expected performance of its gas business.
A climate change case against Italian energy group Eni can continue, the country's top appeals court has ruled, in a jurisdiction case that had been raised by environmental groups Greenpeace Italia and ReCommon.
We remain overweight on Eni due to its satellite strategy and gas diversification. The JV with Petronas and new partnerships in Algeria and Argentina reinforce E's growth and strategic positioning in global energy markets. The company's sum-of-the-parts valuation highlights significant intrinsic value not fully captured by traditional metrics, justifying a buy rating.
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