Playlist: Energy Resources

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Invest or avoid? – Dong Energy: Garnry
Peter Garnry
02 June 2016 at 10:27 GMT
Jakobsen: Are the markets counting down to global recession?
Steen Jakobsen
09 February 2016 at 12:26 GMT
Lambert: Why BP has the potential to move higher
Clive Lambert - FuturesTechs
01 May 2015 at 6:09 GMT
#SaxoStrats: Energy returns to Abengoa
Michael Boye
29 April 2015 at 13:25 GMT
Hansen: WTI - what next? Forty bucks a barrel?
Ole Hansen
24 March 2015 at 8:36 GMT
Focus on the financials as earnings season starts
Peter Garnry
12 January 2015 at 11:04 GMT
Berger: Chevron stock ready to bounce
Serge Berger
15 December 2014 at 7:38 GMT
Hansen: We are facing a new world order in oil
Ole Hansen
29 October 2014 at 13:32 GMT
Why Exxon Mobil shares have 'big potential'
Serge Berger
29 September 2014 at 7:12 GMT
Jakobsen: How to calculate the cost of conflict
Steen Jakobsen
22 July 2014 at 12:04 GMT
Lambert: Gas deflating after Triple Top pattern
Clive Lambert - FuturesTechs
10 July 2014 at 6:45 GMT
Hansen: WTI could hit USD108
Ole Hansen
12 June 2014 at 10:29 GMT
Berger: SunEdison stock could really shine
Serge Berger
25 April 2014 at 7:06 GMT
Video / 02 June 2016 at 10:27 GMT

Invest or avoid? – Dong Energy: Garnry

Peter Garnry
Peter Garnry, head of equity strategy at Saxo Bank, analyses the arguments on whether to invest or not in windfarm operator Dong Energy, which has launched an IPO.

Denmark's largest utility and power generation company failed to go public between 2006 to 2008, but has now moved its strategy away from oil & gas and power distribution towards offshore wind power. 

The offer price per share is set to DKK 200-255 with a mid price at DKK 227.50 translating into a market value of around DKK 95.6 billion or $14.4 billion/€12.9 billion. 

Garnry says that the company has enjoyed steady growth, but much of the market’s revenues are government subsidies which may fade when state subsidy commitment is due to end in 2020.

You can read more of Garnry’s analysis here.


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