5 stories mentioning PKN.WA
Every FINWIRES story that references PKN.WA, newest first.
BM Pekao on Wednesday upgraded Poland-based energy group Orlen (PKN.WA) to buy from hold and raised its price target to 166.58 Polish zlotys from 126.16 zlotys.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Equinor (EQNR.OL) commenced production at the Eirin subsea facility in the North Sea, with expected recoverable resources of 27.6 million barrels of oil equivalent, mainly gas.The 4.5 billion Norwegian-krone project also started exporting gas to Europe through the Gina Krog and Sleipner A platforms, and is projected to extend Gina Krog's economic life by seven years to 2036, the oil and gas company said Tuesday.Equinor operates the Eirin discovery, which was reassessed in 2023, with a 58.7% interest. Orlen's (PKN.WA) Orlen Upstream Norway owns the remaining 41.3% stake.
Erste Group on Thursday raised Polish state-owned energy group Orlen (PKN.WA) to buy from accumulate and increased its price target to 165 Polish zlotys from 92 zlotys.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Moody's affirmed the long-term issuer rating of Orlen (PKN.WA) at A3, citing the company's "strong" balance sheet and strategic importance to Poland.In a Wednesday note, the rating agency also highlighted the Polish state-owned energy group's integrated business model and liquidity, as well as expectations that the company will benefit from higher oil prices and a favorable environment in 2026.The outlook on the rating is stable, reflecting expectations that Orlen will continue to manage its balance sheet conservatively.
Orlen (PKN.WA) said oil deliveries from Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, remain on schedule and in line with contracted volumes despite the ongoing Middle East conflict, Reuters reported Tuesday.The Polish state-owned energy group, which is receiving supplies from Aramco through the Red Sea port of Yanbu, told the news outlet that it also does not expect any changes in May.In addition, Orlen said it is prepared to meet existing contracts and secure supplies ahead of the seasonal peak demand period from May to September.