Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector.

The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. 

Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space.  Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. 

Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Equity Bottom-Up

<ul>
<li>3Q23 production of ~10 mbbl/d and net cash at the end of September had been previously reported.</li>
<li>Production plateau of 40 mbbl/d was reiterated and could be reached by the end of 1Q24 in our estimation.</li>
<li>Shareholder distributions Panoro has declared a cash distribution of NOK40 mm for 3Q23 for a total payout of NOK140 mm since the 2023 shareholder returns policy was announced.</li>
</ul>


3Q23 production of ~10 mbbl/d and net cash at the end of September had been previously reported.
Production plateau of 40 mbbl/d was reiterated and could be reached by the end of 1Q24 in our estimation.
Shareholder distributions Panoro has declared a cash distribution of NOK40 mm for 3Q23 for a total payout of NOK140 mm since the 2023 shareholder returns policy was announced.


Panoro Energy ASA (OSE: PEN): 2024 shareholder distributions could represent a total yield of 12.5%-15.5%