(News Bulletin 247) – UBS confirms its advice to buy on the stock and its target of 17 E after the announcement of the production figures for the 2nd quarter.
‘Upstream, the drop in production is slightly greater. Repsol today released its Q2 23 figures which indicate a slightly weaker performance than we expected,” UBS said.
‘Production of 595 kboe/d is 1% lower than Visible Alpha and UBSe forecasts, -2% compared to the previous quarter and +10% compared to the previous year. Production fell sequentially in all regions’ adds the analysis office.
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