Norwegian Energy Company ASA

Norwegian Energy Company ASA

Norwegian Energy Company ASA

Overview
Date Founded

2005

Headquarters

Nedre Vollgate 1,Oslo 0158

Type of Company

Public

Employees (Worldwide)

25

Industries

Oil & Gas

Company Description

Norwegian Energy Co. ASA is a holding company, which engages in the exploration and production of oil and gas properties. It focuses on hydrocarbon resources. The company was founded by Lars Arne Takla & Ståle Kyllingstad on January 28, 2005 and is headquartered in Oslo, Norway.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Director

Chief Operating Officer

Finance Manager

Group Manager-Accounting

Board of Directors

Chairman & Chief Executive Officer at Bekkelund AS

Chief Executive Officer at Fajoma Consulting AS

Director at Norwegian Energy Company ASA

Director at Norwegian Energy Company ASA

Director at Norwegian Energy Company ASA

Managing Director at CCMP Capital Advisors (UK) II Limited

Director at Norwegian Energy Company ASA

Chief Executive Officer & Director at The Oil & Gas Technology Centre Ltd.

Board Secretary at Norwegian Energy Company ASA

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Owners & Shareholders
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CQS is an active, fundamentals-based manager which follows a collaborative multi-disciplinary approach focused on fundamental research, quantitative analysis and investment expertise, seeking adjacencies across all areas in which they invest.The firm employs a bottom-up approach and invests in strategies that offer the most attractive risk-adjusted returns. Their risk management platform, operational infrastructure and margin and liability management framework form the core of their investment platforms and activities.CQS places significant emphasis on communication with investors and seeks to communicate regularly and effectively with them.

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Taconic UK pursues an event-driven, multi-strategy investment approach dedicated to generate strong risk-adjusted returns over multiple market cycles. The firm follows a disciplined, replicable investment process that aims to identify investment opportunities with three distinct elements: inefficiencies, catalysts and a margin of safety. They are opportunistic investors and agnostic as to where in the capital structure an investment is made. Taconic UK invests across asset classes, specialties and geographies.

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Forte Fondsforvaltning offers five different mutual funds within equities and fixed income. Their goal is to create a high risk-adjusted return for customers through a unique and flexible investment style, as well as contribute to a more diverse financial environment in the region.

Recent Transactions
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Altinex AS, Norwegian Energy Company ASA purchase Shell Olie-og Gasudvinding Danmark BV (Holland), Dansk Filial from Royal Dutch Shell Plc

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Det norske oljeselskap ASA purchases Noreco Norway AS from Norwegian Energy Company ASA

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Norwegian Energy Company ASA purchases Talisman Oil Denmark Ltd. from Repsol Oil & Gas Canada, Inc.

Transaction Advisors
Investment Advisor

Advised onAltinex AS, Norwegian Energy Company ASA purchase Shell Olie-og Gasudvinding Danmark BV (Holland), Dansk Filial from Royal Dutch Shell Plc

Investment Advisor

Advised onAltinex AS, Norwegian Energy Company ASA purchase Shell Olie-og Gasudvinding Danmark BV (Holland), Dansk Filial from Royal Dutch Shell Plc

Investment Advisor

Advised onAltinex AS, Norwegian Energy Company ASA purchase Shell Olie-og Gasudvinding Danmark BV (Holland), Dansk Filial from Royal Dutch Shell Plc

Clients

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Oil Products, Chemicals and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Oil Products segment manages the Refining and Trading, and Marketing classes of business. The Chemicals segment operates manufacturing plants and its own marketing network. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Natixis SA engages in the provision of international corporate, investment, insurance, and financial services. It operates through the following segments: Asset and Wealth Management, Corporate and Investment Banking, Insurance, and Payments. The Asset and Wealth Management segment includes asset management within Natixis investment managers and wealth management. The Corporate and Investment Banking segment advises businesses, institutional investors, insurance companies, banks and public sector entities and offers a diversified line of financing solutions as well as access to the capital markets. The Insurance segment distributes personal insurance and non-life insurance products. The Payments provides bank and direct customers with payment tools, infrastructures and services. The company was founded on November 20, 1919 and is headquartered in Paris, France.

Ørsted A/S engages in the provision of renewable energy solutions. It operates through the following business segments: Wind Power, Bioenergy & Thermal Power, Distribution & Customer Solutions and Other Activities. The Wind Power segment develops, constructs, owns, and operates offshore wind farms in Denmark, the UK, Germany, the Netherlands, USA, and Taiwan. The Bioenergy & Thermal Power segment includes the generation of heat and power from combined heat and power plants in Denmark, a gas fired power plant in the Netherlands, and a Renescience plant in the UK. The Distribution & Customer Solutions segment consists of power distribution and sale of power and gas in the wholesale and retail markets in Denmark, Sweden, Germany, and the UK, as well as optimization and hedging of its overall energy portfolio. The company was founded on March 27, 1972 and is headquartered in Fredericia, Denmark.

Key Stats and Financials As of 2020
Market Capitalization
$432M
Total Enterprise Value
$1.13B
Earnings Per Share
$0.75
EBITDAMargin
43.99%
Enterprise Value / Sales
1.86x
Enterprise Value EBITDAOperating
4.24x
TEVNet Income
62.03x
Debt TEV
0.88x
Three Year Compounded Annual Growth Rate Of Revenue
710.68%
Revenue
$606M
Net Profit
$18.2M
EBITDA
$267M
Total Debt
$994M
Total Equity
$614M
Investors
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HitecVision is an active manager which aims to create value by partnering with entrepreneurial managers to build substantial companies. They invest in well-run companies with high growth potential in the energy sector, specializing in technology companies supplying advanced solutions and services to the oil and gas sector, independent oil companies, and traditional oil service businesses.The firm invests in companies in all stages of development, providing growth capital and replacement capital, with a preference for MBOs. They invest in companies in Northern Europe and North America, primarily in Norway, the UK and the US.HitecVision typically takes a controlling stake in high-growth companies with revenues of $50-$300 million, seeking to invest $30-$150 million in businesses with strong management teams, clear and effective incentive systems, unique technologies and/or services, strong positions in the global oil and gas market, significant market potential, clear growth plans and visible and credible exit routes.

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Lyse AS engages in the development and construction of infrastructures within the fields of energy and fiber-based broadband. It operates through the following business areas: Energy, Telecommunication, and Infrastructure. The Energy business area includes hydroelectric power, district heating, biogas, natural gas, and cooling system. The Telecommunication business area comprises fiber-optic networks, content services, and smart home products under Smartly brand. The Infrastructure business area consists of power grid, fiber network, district heating network, and gas network. The company was founded on June 17, 1998 and is headquartered in Stavanger, Norway.

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