BlueNord ASA (OSL:BNOR)
kr 549 -12 (-2.14%) Market Cap: 14.55 Bil Enterprise Value: 26.72 Bil PE Ratio: 40.02 PB Ratio: 1.71 GF Score: 78/100

Q4 2023 Bluenord ASA Earnings Call Transcript

Feb 20, 2024 / 09:00AM GMT
Release Date Price: kr551 (+8.68%)
Euan Shirlaw Bluenord ASA;CEO

Good morning, everyone, and thank you for joining us today. Will shortly present our fourth quarter and full year results for 2023. Walking you through what's been a period of strong performance for Bluenord as well as giving you much more insight into what you should expect from us during the remainder of 2024.

And on that point before we start going through the slides, I want to spend a few moments on the outlook for Bluenord. Completion of the Tyra Redevelopment Project is a pivotal moment for us and in March of this year, we will achieve a milestone that we've been working towards since 2019. Of course, this is important in and of itself as it will more than double our net production, but its contribution to Bluenord goes way beyond the simple addition of volumes, with Tyra stream, we can also deliver on one of our core commitments and start returning capital to our shareholders.

In that vein, we have today, for the first time communicated our proposed dividend policy for 2024 through 2026. There's more detail to come later in the presentation,

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