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Energean ( (GB:ENOG) ) just unveiled an update.
Energean plc reported a successful year in 2024 with significant growth in sales and profitability, primarily driven by their operations in Israel. The company secured over $4 billion in new long-term gas sales agreements, enhancing its strategy for stable cash flow. Key projects like the Katlan gas development and Prinos Carbon Storage are progressing well, while the company also focuses on debt refinancing and the strategic sale of assets to Carlyle, aiming to strengthen its financial position and maximize shareholder returns. These developments position Energean for continued growth and stability in the volatile energy market.
More about Energean
Energean plc is a company operating in the energy sector, primarily focused on oil and gas exploration and production. The company has strong operations in Israel and is expanding its gas sales agreements to support growing electricity demand while transitioning from coal.
YTD Price Performance: 0.19%
Average Trading Volume: 339,017
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.92B
For a thorough assessment of ENOG stock, go to TipRanks’ Stock Analysis page.
