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The Scirocco Energy share price is down today after the company announced that it has been forced to sell its oil and gas assets in Argentina. This news comes as a major blow to the company, which had hoped to use these assets to generate long-term growth. While the sale will provide some immediate cash relief, it is clear that Scirocco Energy is now a much smaller company with a more uncertain future.
The Scirocco Group is an international renewable energy company with a focus on solar power. The company has operations in Europe, the United States, Asia, and Africa. Scirocco Energy is headquartered in Zurich, Switzerland.
The company went public on the Swiss Stock Exchange in 2011. The current share price is CHF 0.40 (as of March 14, 2019).
SCIROCCO ENERGY PLC – Investor Presentation
Scirocco Energy Share Price Forecast
The Scirocco Group is an oil and gas company with a focus on exploration and production in the Middle East and North Africa. The company was founded in 2006 and is headquartered in Dubai, United Arab Emirates.
The Scirocco Group has three operating subsidiaries: Scirocco Energy Limited, Scirocco Petroleum Limited, and Scirocco Exploration Limited. The group also has a minority interest in Gulf Keystone Petroleum Limited, an oil and gas exploration and production company with operations in the Kurdistan Region of Iraq.
As of December 31, 2015, the Scirocco Group had proven reserves of 64 million barrels of oil equivalent (MMboe), including 32 MMboe of crude oil and condensate, 18 MMboe of natural gas liquids (NGLs), and 36 billion cubic feet (Bcf) of natural gas.
The majority of the group’s proved reserves are located in Egypt (41%) followed by Iraq (27%), Algeria (22%), Libya (9%), and Oman (1%).
The group’s primary producing asset is the West Gharib Concession located in Egypt which accounted for approximately 71% of its total production in 2015. Other major producing assets include the Tuba Field located in Iraq which contributed 16% to total production, followed by the Hassi Bir Rebaa Field located in Algeria which accounted for 13%.
Credit: www.sciroccoenergy.com
Scirocco Energy is a publicly traded Canadian company engaged in the business of oil and natural gas exploration, development and production. The current share price can be found on the Toronto Stock Exchange (TSX) under the ticker symbol “SRO”. As of February 28, 2017, the closing price was $0.42 per share.
Scirocco Energy is a publicly traded company on the Toronto Stock Exchange (TSX) and its share price has fluctuated over time. In mid-2014, Scirocco’s share price was around $0.60, but it increased to $1.20 by early 2015 before dropping back down to $0.80 in 2016. The company’s share price then increased again to $1.40 in early 2017 and has remained relatively stable since then, trading between $1.20 and $1.40 per share in 2018.
The share price of Scirocco Energy (SOEN.V) could be affected by a number of factors in the future, including:
– The price of crude oil and natural gas: Scirocco Energy is an oil and gas exploration and production company with operations in Alberta, Canada. As such, its share price is closely linked to the prices of crude oil and natural gas.
If these commodity prices rise, Scirocco’s share price is likely to follow suit; conversely, if they fall, the company’s share price is also likely to drop.
– Investor sentiment: Another factor that could affect the company’s share price is investor sentiment. If investors are bullish on oil and gas stocks, they are more likely to buy shares in companies like Scirocco Energy; if they are bearish, they may sell their holdings or refrain from buying new ones.
This can cause the share price to fluctuate quite a bit.
– Company performance: Of course, another important factor that will affect Scirocco Energy’s share price is the company’s own performance. If it releases strong financial results or makes progress on its drilling projects, its stock is likely to rise; if it misses earnings expectations or faces delays in its operations, its shares may fall accordingly.
Conclusion
Scirocco Energy is an oil and gas company with a share price of $0.80. The company has a market capitalization of $4 million and is traded on the TSX Venture Exchange. Scirocco Energy’s primary asset is its interest in the Bakken Shale play in North Dakota, USA.
