Today: 29 March 2026
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SGX:CBH 10 December 2025

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  • Energean Investment Narrative Shifts Amid Conservative Forecasts and Angola Asset Acquisition
    March 29, 2026, 6:48 AM EDT. Energean (LSE:ENOG) has seen a slight decrease in its modeled fair value from £9.32 to £9.30, indicating a modest adjustment rather than a major shift in investor expectations. Leading banks Berenberg and Jefferies updated their price targets and commentary, introducing a cautious tone and more conservative assumptions adjusting sentiment. Energean's acquisition of Chevron's offshore Angola assets adds 42,000 barrels per day of production, bolstering reserves and infrastructure access. However, geopolitical tensions have led to a temporary suspension of production on the Energean Power FPSO, focusing on staff safety. The company anticipates a non-cash impairment of around €300 million related to Cassiopea in its 2025 accounts. Investors should monitor evolving forecasts and risk factors influencing the stock's outlook.
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