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Eni (E) expects the often-delayed huge Kashagan field in Kazakhstan to begin production next...

  • Thursday, October 11, 2012, 12:15 PM ET
    Eni (E) expects the often-delayed huge Kashagan field in Kazakhstan to begin production next March, according to the head of its E&P division, adding that Eni is focusing on determining the quantity of natural gas in offshore Mozambique, rather than discussing the sale of its 70% stake. Also, it sees hydrocarbon output growth of 3% in 2015-22.
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    Eni is selling at a low valuation, a p/e of 9 and a dividend yield of 6%, with rising production from a diversified suite of projects. Stock is a "key call" (ie, a top pick) at UBS.


    Long Eni
    11 Oct 2012, 01:03 PM Reply Like
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