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United Energy Group ( (HK:0467) ) has provided an announcement.
United Energy Group Limited announced the completion of a USD 346 million reserve-based syndication facility secured against its upstream oil and gas interests in Iraq. This facility, which includes both conventional and Islamic tranches, signifies strong confidence from regional and international financial institutions in the company’s operational performance and financial stability. The company maintains a robust balance sheet and capital structure, leveraging resilient cash flow and sustainable operations to support long-term financial stability and deliver value to stakeholders.
The most recent analyst rating on (HK:0467) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on United Energy Group stock, see the HK:0467 Stock Forecast page.
More about United Energy Group
United Energy Group Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the energy sector, focusing on upstream oil and gas interests, particularly in Iraq. The company is committed to optimizing its capital structure and supporting disciplined growth in its core operations.
Average Trading Volume: 73,167,412
Technical Sentiment Signal: Hold
Current Market Cap: HK$12.86B
For a thorough assessment of 0467 stock, go to TipRanks’ Stock Analysis page.