DETNF - Aker BP: Quarterly Loss NOAKA Project Pending
On October 22, Aker BP (DETNF), a Norwegian upstream company, presented its 3Q19 report. The company delivered unsatisfying results that failed to impress the market but still emerged relatively unscathed as traders were not substantially disappointed. As an Aker BP's long-term bull, I was clearly not inspired by negative quarterly EPS, FCF, and weak production impacted by the delays in the stimulation program at the Valhall area. Still, there were a few positive developments, and the results were, in sum, mixed but mostly solid.
Share price movement on the Oslo Børs from October 21