Added to YB: 2026-09-22
Pitch date: 2026-09-18
ENH.OL [bullish]
SED Energy Holdings Plc
-2.25%
current return
Author Info
No bio for this author
Company Info
SED Energy Holdings Plc provides tender-assisted drilling services in Southeast Asia, Thailand, Myanmar, and the United States.
Market Cap
NOK 585.0M
Pitch Price
NOK 7.56
Price Target
N/A
Dividend
8.08%
EV/EBITDA
4.61
P/E
8.11
EV/Sales
2.44
Sector
Energy Equipment and Services
Category
dividend
The Ship of Theseus Pays a Dividend ($ENH.OL)
ENH.OL: SED Energy is a finite-duration cash-harvest thesis at NOK 7.40: a 17-21% guided distribution yield and 3.3x annualized EBITDA, with record quarterly results and a proposed all-share Ventura acquisition tripling backlog to $1.3B. The key risk is Southeast Asian jackup pricing and delayed rig renewals; accumulate near the low, but plan to exit in 2028-29 before ageing assets and contract cliffs erode value.
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