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)

42

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, General Manager

Chief Financial Officer

Managing Director & Chief Operating Officer

Finance Manager

Group Manager-Accounting

Board of Directors

Chairman & Chief Executive Officer at Bekkelund AS

Chief Executive Officer at Forum for Miljøteknologi

Former Chief Executive Officer at Capinordic Asset Management AB

Director at Norwegian Energy Company ASA

Former Senior Vice President-Operations at Lundin Petroleum AB

Former President-Upstream Division at Total SA

Director at Norwegian Energy Company ASA

Board Secretary at Norwegian Energy Company ASA

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Owners & Shareholders
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TCA UK is an active, research-driven, probabilistic manager which follows a team-oriented investment approach and a distributed decision-making process.The firm constructs relatively concentrated portfolios on a bottom-up basis using fundamental and risk/reward analysis. The co-portfolio managers size positions and make investment decisions for the funds.The firm utilizes probabilistic investing and focuses on companies undergoing change to their business or capital structures. They employ fundamental, legal and regulatory analyses to identify misperceptions and mispricings with the potential to lead to outsized returns on capital. The funds also include fundamental deep-value investments that typically have a soft catalyst.The Opportunity Fund invests in merger arbitrage, special situations, distressed and capital structure arbitrage. The funds typically have a long bias and the firm actively manages the potential downside risk of the overall portfolio. Individual positions with offsetting short hedges are implemented when appropriate.The firm's hedging philosophy aims to limit losses and preserve capital during severe market dislocations. Macro portfolio hedges are the primary method of protecting against portfolio tail risk. The firm searches for inexpensive volatility in an effort to build a diversified portfolio of hedges with the goal of limiting overall portfolio risk.The risk management and portfolio management teams are separate and distinct, providing appropriate checks and balances. The Co-Portfolio Managers shape the portfolio on a regular basis with respect to factor risks.The portfolio is manually stress tested and stress test results and factor risk analyses are reviewed by the full risk management team at regular risk meetings. If the stress test yields an expected loss greater than 10%, the portfolio is adjusted and/or portfolio hedges are increased.

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KLCM's Offshore fund invests in a range of event driven equity and credit strategies with a specific focus on situations where there is a near term hard catalyst. Their UCITS fund primarily invests in global merger arbitrage transactions.

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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.

Recent Transactions
Details Hidden

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

INEOS AG engages in the manufacturing of petrochemicals, specialty chemicals, and oil products. It serves the adhesives, agriculture, automotive, bio fuel, chemicals, coatings and construction industries. The company was founded by James Arthur Radcliffe in April 1998 and is headquartered in Rolle, Switzerland.

Key Stats and Financials As of 2018
Market Capitalization
$5.43B
Total Enterprise Value
$2.1B
Earnings Per Share
$-19.88
Revenue
$16M
Enterprise Value Sales
131.49x
TEVNet Income
-14.71x
Debt TEV
0.22x
Three Year Compounded Annual Growth Rate Of Revenue
7.17%
EBITDAMargin
-218.75%
Total Equity
$-50M
Total Debt
$472M
EBITDA
$-35M
Net Profit
$-143M
Five Year Compounded Annual Growth Rate Of Revenue
-55.27%
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 specializes in fields of energy and fibre-based broadbands. It has three business areas: energy, infrastructure and telecommunication. The company was founded on January 1, 1999 and is headquartered in Stavanger, Norway.

Suppliers
ABG Sundal Collier Holding ASA Investment Banking & Brokerage | Oslo, PS

ABG Sundal Collier Holding ASA engages in the provision of investment banking, stock broking, and corporate advisory services. It operates through the Markets and Investment Banking business segments. The Market segment consists of all secondary sales and trading activities, including financial services such as brokerage, trading and execution of equities, convertible bonds, bonds, derivatives, structured products and foreign exchange. The Investment Banking segment covers all primary operations and corporate advisory services including real estate, equity capital market, debt capital market, merger and acquisitions as well as financial restructuring. The company was founded in 1984 and is headquartered in Oslo, Norway.

Jefferies Financial Group, Inc. Investment Banking & Brokerage | New York, NY

Jefferies Financial Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Investment Banking, Capital Markets, and Asset Management; Merchant Banking; and Corporate segments. The Investment Banking, Capital Markets, and Asset Management segment consists of investments in Jefferies Group. The Merchant Banking segment includes various merchant banking businesses and investments, primarily including Linkem, Vitesse Energy Finance and JETX Energy, real estate, Idaho Timber, and FXCM. The Corporate segment pertains to cash and cash equivalents, financial instruments owned, and deferred tax asset of the firm. The company was founded in 1968 and is headquartered in New York, NY.

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