Professional
Added to YB: 2026-06-09
Pitch date: 2026-06-07
ENH.OL [bullish]
SED Energy Holdings Plc
Author Info
This is the official Substack of PEQUITY U&U Global Opportunities, FIL (ISIN ES0169013002), where Hugo Navarro, Fund Advisor, publishes the advisor’s letters and fund updates. Sign up for the newsletter.
Company Info
SED Energy Holdings Plc provides tender-assisted drilling services in Southeast Asia, Thailand, Myanmar, and the United States.
Market Cap
NOK 652.2M
Pitch Price
N/A
Price Target
N/A
Dividend
3.39%
EV/EBITDA
6.10
P/E
14.58
EV/Sales
3.03
Sector
Energy Equipment and Services
Category
dividend
PEQUITY U&U Global Opportunities, FIL. First Advisor's Letter - SED Energy Holdings Plc
ENH.OL: Trades ~6x FCF, no debt, pays out all cash (double-digit div yield). Six tender barges doing Asian maintenance, 30-40% cheaper than jackups; cost gap = floor at trough + upside in upcycle. Orphaned via reverse merger, low coverage. Trailing numbers understate earnings (now full utilization vs partial); PE seller overhang exhausting. Earnings step-up forces re-rate.
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