Var Energi ASA (VARRY)
OTC PINK OTC PINK Primary Summary
VåR Energi Has Large Growth Prospects At Play With A Supportive Commodities Market
Vår Energi is set for strong growth, targeting 400Mboe/d by 2026 and reducing costs to $10/bbl by Q4'25. New low-cost production, major discoveries, and operational optimizations support sustainable output and improved project economics. Robust financials with hedged production, ample liquidity, and a focus on debt reduction underpin my positive outlook.
Vår Energi: 20%+ Further Potential Upside Despite Volatility
Vår Energi remains a 'Buy' due to strong fundamentals, high yield, and operational outperformance, despite a lower margin of safety than before. The company boasts low leverage, robust cash flow, and a well-covered dividend, with production growth on track and low per-barrel costs. Valuation is less compelling now, but at or below 36 NOK/share, risk/reward remains attractive versus peers, especially given conservative forecasts.
Vår Energi AS (VARRY) Q2 2025 Earnings Call Transcript
Vår Energi AS (OTCPK:VARRY) Q2 2025 Earnings Conference Call July 22, 2025 4:00 AM ET Company Participants Carlo Santopadre - Chief Financial Officer Ida Marie Fjellheim - Vice President of Investor Relations Nicholas John Robert Walker - Chief Executive Officer Conference Call Participants John A. Schj. Olaisen - ABG Sundal Collier Holding ASA, Research Division Lydia Rose Emma Rainforth - Barclays Bank PLC, Research Division Matthew Smith - BofA Securities, Research Division Teodor Sveen-Nilsen - Sparebank 1 Markets AS, Research Division Victoria McCulloch - RBC Capital Markets, Research Division Operator Hi, everyone, and welcome to Vår Energi's Q2 Presentation for 2025.
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Var Energi ASA Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | - CEO | OTC PINK Exchange | NO0011202772 ISIN |
| Germany Country | - Employees | 5 May 2025 Last Dividend | - Last Split | - IPO Date |
Overview
Vår Energi AS stands as a notable independent upstream oil and gas enterprise operational on the Norwegian continental shelf in Norway. Originating under the name Eni Norge AS, it underwent a rebranding in December 2018 to Vår Energi AS. Since its inception in 1965, the company has established its headquarters in Sandnes, Norway, marking a significant presence in the region's energy sector. It functions under the umbrella of Eni International B.V., indicating a robust backing and an international linkage that reinforces its operations and market position.
Products and Services
- Crude Oil - Vår Energi AS specializes in the exploration and production of crude oil, leveraging the vast resources of the Norwegian continental shelf. The company employs state-of-the-art technologies and practices to ensure efficient extraction and processing, contributing to the global oil supply chain.
- Liquefied Natural Gas (LNG) - The company also focuses on the production of liquefied natural gas, offering a cleaner, more efficient energy alternative. Through its LNG operations, Vår Energi AS supports the transition to more sustainable energy consumption patterns worldwide.
- Natural Gas Liquids (NGLs) - In addition to crude oil and LNG, Vår Energi AS produces natural gas liquids. These products serve various sectors, including the automotive, industrial, and domestic heating markets, underscoring the company's versatile contribution to meeting diverse energy needs.
Contact Information
