Professional
Added to YB: 2026-01-20
Pitch date: 2026-01-16
VAR.OL [neutral]
Vår Energi ASA
+4.96%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway.
Market Cap
NOK 8.7B
Pitch Price
NOK 33.38
Price Target
N/A
Dividend
13.96%
EV/EBITDA
2.38
P/E
14.89
EV/Sales
1.89
Sector
Oil, Gas and Consumable Fuels
Category
value
Massif Capital Portfolio Holding: Vår Energi ASA
VAR.OL (holding update): Direct E&P cash flow play with Johan Castberg & Balder X transitioning to production. Highest FCF yield in European E&P at 18% in $55-70 oil range. Capex flexibility preserves distributions while managing volatility exposure. Managerial skill over commodity beta in surplus market.
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