contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


tethys-oil-all-share-offer-likely-to-be-accepted-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Tethys Oil

- Q3 production much as expected - All share offer likely to be accepted - P/NAV of 1.00x on ABGSCe Q3 production much as expected We make two main changes to our estimates ahead of Tethys Oil...

- Q3 production much as expected - All share offer likely to be accepted - P/NAV of 1.00x on ABGSCe Q3 production much as expected We make two main changes to our estimates ahead of Tethys Oil's Q3 report: 1) We update our model with the trading update for Q3, which came in slightly below our previous estimates. Net production was 7.7kboe/d vs. ABGSCe at 8.0kboe/d. The net entitlement in Q3 was 4.0kboe/d, which compares to our estimate of 4.2kboe/d. However, both production numbers were fairly expected ahead of the trading update given the monthly production updates provided by Tethys. 2) We update our model with our latest oil market view, in which we lower our oil price estimate for Q4'24e-Q4'25e to USD 75/bbl (90) and FY'26e-'29e to USD 85/bbl ('26e-'28e: 90, FY'29e: 75), as described in our report: Crude Quarterly Q3'24: Lower oil price. In sum, our EBIT estimate for '24e is down by 31%. For Q3, we now forecast revenues and EBITDA of USD 28.2m and USD 15.3m, respectively. All share offer likely to be accepted On 3 September 2024, Roc Oil Company Pty Limited announced a public cash offer to the shareholders of Tethys Oil AB to tender all their shares in Tethys to the offeror at a price of SEK 58.70/sh in cash, valuing the company at SEK 1.894b. As the offer is much in line with our current valuation, represents a substantial premium to day prior to the bid (89%), and is the largest that the shareholder, together with the current CEO, has committed to the offer, we believe it is likely that the bid will be accepted. Read more about the offer here: All share offer at SEK 58.7/sh. P/NAV of 1.00x on ABGSCe At the current share price, Tethys is trading at a P/NAV multiple of ~1.00x our YE'24e NAV of SEK 56/sh, and discounts an oil price of ~USD 82/bbl (P/NAV = 1). Our NAV valuation remains fairly unchanged since our last report. Consequently, Tethys is trading very to close to the offer price at SEK 58.70/sh.