Q: Could I have your opinion of these two companies please.
5i Research Answer:
We think SDE is attractive following its recent split. It is very cheap, well managed and offers good growth potential. News has been quiet since the Logan Energy spin off, but we like its long term growth potential. Management has created value in the past. EQNR is a Norwegian company and we can only comment briefly. It is cheap at 8X earnings, offers a good yield, and a very strong balance sheet with lots of net cash. EPS is expected to fall this year overall but rise about 7% in 2024. The stock has not done much, but for a large international blue chip energy stock it looks fine to us, and well-priced.