DETNF - Aker BP: Tax Changes Boost The Outlook
- With daily production of circa 220,000 barrels of oil equivalent, Aker BP is one of the largest hydrocarbon producers on the Norwegian continental shelf.
- Its stock was hit hard by the COVID-induced oil price crash but has now largely recovered alongside the general oil price recovery.
- Temporary changes to the Norwegian tax system, designed to support the industry during the COVID crisis, should be a boon for the firm.
- A 4% dividend yield and the prospect of mid-single-digit average annual growth looks reasonably attractive for income investors.
For further details see:
Aker BP: Tax Changes Boost The Outlook