Added to YB: 2026-03-23
Pitch date: 2026-03-19
ZEN.L [neutral]
Zenith Energy Ltd.
-10.34%
current return
Author Info
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Company Info
Zenith Energy Ltd., together with its subsidiaries, engages in the exploration, development and production of oil and natural gas in Tunisia, Italy, and internationally.
Market Cap
GBP 81.0M
Pitch Price
GBP 0.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.80
P/E
-67.08
EV/Sales
56.74
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Zenith Energy: Position Update
ZEN.L (trimmed position): Up 98% in month on ICC2 annulment progress. Tunisia missed deadline, contested Swiss Court jurisdiction, wants Tunisian Appeal Court instead—unlikely to succeed given incentive bias. Annulment based on alleged arbitrator-Tunisia relationship. If successful, stock should recover to 16p. ICSID hearing next month but award still years away. Sold at cost base, will re-enter post-selloff.
Read full article (4 min)