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BW Energy Ltd. ( (DE:6BW) ) has shared an update.
BW Energy has decided not to proceed with the issuance of a USD 300 million senior unsecured bond due to unfavorable market conditions compared to other available funding sources. This decision reflects the company’s strategic financial management and could impact its funding strategy, potentially influencing its operational and investment plans.
More about BW Energy Ltd.
BW Energy is a growth-oriented exploration and production company focusing on proven offshore oil and gas reservoirs. The company employs a low-risk, phased development strategy and utilizes existing production facilities to expedite oil production and cash flow with reduced investments. BW Energy operates several assets, including a majority stake in the Dussafu Marine license offshore Gabon, interests in fields in Brazil and Namibia, and holds shares in Reconnaissance Energy Africa Ltd.
Average Trading Volume: 85,596
Current Market Cap: NOK9.69B
See more data about 6BW stock on TipRanks’ Stock Analysis page.