ShaMaran Petroleum ( (TSE:SNM) ) just unveiled an announcement.
ShaMaran Petroleum Corp. announced a partial repayment of its 12% senior unsecured bond, amounting to approximately $29.4 million, scheduled for April 30, 2025. This repayment will reduce the bond’s outstanding amount by 28% compared to the end of 2024, leaving a total of $143.8 million outstanding. The company’s cash reserves before the repayment stood at $79.4 million, and the pro forma net debt will be approximately $109.4 million. This financial maneuver is part of ShaMaran’s strategy to manage its debt obligations and improve its financial standing.
Spark’s Take on TSE:SNM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SNM is a Outperform.
ShaMaran Petroleum earns a solid overall score of 71, driven primarily by strong financial performance and strategic corporate actions that enhance its growth trajectory. While technical analysis indicates bullish momentum, caution is warranted due to potential overbought conditions. The company’s valuation appears attractive, though the absence of a dividend yield may be a downside for some investors.
To see Spark’s full report on TSE:SNM stock, click here.
More about ShaMaran Petroleum
ShaMaran Petroleum Corp. is a Canadian independent oil and gas company focused on the Kurdistan region of Iraq. It holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block. The company is listed on the TSX Venture Exchange in Toronto and Nasdaq First North Growth Market in Stockholm. ShaMaran is part of the Lundin Group of Companies.
YTD Price Performance: 83.33%
Average Trading Volume: 407,494
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$483.8M
For a thorough assessment of SNM stock, go to TipRanks’ Stock Analysis page.