Norse Energy Corp. ASA Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: N9BFDD8023FBEN
BAC Reports

Abstracts

Norse Energy Corp. ASA Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Norse Energy Corp. ASA and its competitors. This provides our Clients with a clear understanding of Norse Energy Corp. ASA position in the Energy Industry.

• The report contains detailed information about Norse Energy Corp. ASA that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Norse Energy Corp. ASA. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Norse Energy Corp. ASA financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Norse Energy Corp. ASA competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Norse Energy Corp. ASA business.

About Norse Energy Corp. ASA

Norse Energy Corp. ASA engages in the acquisition, exploration, and development of oil and natural gas properties in Brazil and the United States. In the United States, the company operates the majority of its natural gas properties, and in addition owns and operates gathering and transmission pipeline systems for natural gas and is engaged in marketing of natural gas through its Energy Marketing division.

Segments

The company operates in four segments Exploration and Production of oil and natural gas in Brazil (Brazil E&P); Exploration and Production of natural gas in the United States (USA E&P); Gathering and Transmission of natural gas in the United States (USA G&T); and Energy Marketing Division in the U.S. (USA EM).

Exploration and Production of oil and natural gas in Brazil (Brazil E&P)

Norse Energy participates in various oil and natural gas exploration and production licenses located in the Santos basin outside the south-east coast of Brazil and in the Camamu-Almada basin offshore Brazil in the state of Bahia. Its major customer is Petrobras.

Exploration and Production of natural gas in the United States (USA E&P)

The U.S. E&P operates in two main areas, the Lake Shore field of western New York and northwestern Pennsylvania (the Jamestown area) and the Bradley Brook field in central New York. The company operates 400 wells and owns an interest in various non-operated wells. The divisions land, geological and geophysical activities are located in Buffalo, NY.

Gathering and Transmission of natural gas in the United States (USA G&T)

The company owns and operates 500 miles of gathering and transmission pipelines. One pipeline system consists of approximately 320 miles of high pressure steel pipeline capable of gathering natural gas from approximately 6,500 gas wells located in western New York and northwestern Pennsylvania.

Energy Marketing Division in the U.S. (USA EM)

The EM division is made up of Mid American, an established energy marketing and trading company in the Appalachian region. The focus of the EM division is to add value to the company’s business by attracting gas flow to its proprietary pipelines and by optimizing the value of the Norse Energy’s gas production and that of the other local Appalachian producers. The division offers a range of services to the natural gas producers, commercial and industrial consumers, and pipeline companies from the Ohio Valley to the East Coast of the United States.

CAMAMU-ALMADA BASIN

Manati project (10% interest)

The Manati gas field has been online with all six wells in 2008.

BCAM-40 exploration block (10% interest)

The BCAM-40 block consists of the Manati gas field and approximately 530 square kilometers (130,000 acres) of exploration acreage covering both shallow and deepwater areas.

BM-CAL 5 and 6 (18% interest)

The BM-CAL 5 and 6 blocks are located offshore the Bahia state south of BCAM-40 in waters ranging from 360 to 1400 meters. Three wells were planned in these two blocks; Copaiba and Jequitiba in BM-CAL 5 and Peroba in BM-CAL 6. The Peroba prospect drilling was completed on June 23, 2008, and the prospect was a dry well.

Sardinha Field (20% interest)

The Sardinha Field is located in the Camamu-Almada Basin.

SANTOS BASIN

BS-3 Integrated Project

The company has defined the BS-3 Integrated Project to include the Cavalo Marinho (50% interest), Estrela-do-Mar (65% interest), Coral re-development (35% interest), Caravela (100% Petrobras), and a pipeline to shore.

The BS-3 area development concept recommended by Norse to the partners consists of four fields developed in an integrated solution; Caravela (100% Petrobras owned), Cavalo Marinho, Estrela-do-Mar, and a re-developed Coral field.

S-M 1035, S-M 1037 and S-M 1100 (50% interest)

The company is an officially an offshore operator in Brazil. These exploration blocks, which cover an area of approximately 510 square kilometers, are anticipated to hold significant exploration potential.

The U.S. OPERATIONS

The company focuses on energy activities in the northern Appalachian basin in New York and Pennsylvania. The company controls approximately 130,000 acres in central New York, of which approximately 5,000 acres are owned by Norse. Its pipeline system delivers natural gas to a major interstate pipeline, Dominion Transmission, Inc. (Dominion) and a large gas and electric utility, New York State Electric & Gas (NYSEG), servicing the New York State.

A total of 37 wells were drilled during 2008, of which 23 were completed in the Herkimer formation. Of the 37 wells drilled in 2008. In 2008, the company sold all of its Medina formation assets (4,300 Mcf/day) in New York and Pennsylvania.

Exploration & Production

A total of 37 wells were drilled during 2008, of which 23 were completed in the Herkimer formation. 19 of the Herkimer wells were drilled horizontally and 4 were drilled vertically.

Gathering and Transportation

The Gathering and Transportation division (G&T) oversees 2 pipeline operating systems involving company-owned natural gas pipelines covering approximately 350 miles in western New York and northwestern Pennsylvania. The grid gathers gas from third-party customers, as well as company-owned wells, and delivers it to several distribution points for sale. The delivery points include major interstate pipelines, local distribution companies and end users. The other system, known as Nornew Energy Supply (NES) is a 26-mile natural gas transmission line located in western New York with connections to a major interstate pipeline and the company’s pipeline system.

Energy Marketing

The company, through its Mid American Natural Resources (MANR) marketing arm, creates profit margins by aggregating supply from Appalachian producers, marketers and utilities. MANR transports and balances those supplies and delivers them to strategically targeted markets.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. NORSE ENERGY CORP. ASA COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. NORSE ENERGY CORP. ASA BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. NORSE ENERGY CORP. ASA SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. NORSE ENERGY CORP. ASA FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. NORSE ENERGY CORP. ASA COMPETITORS AND INDUSTRY ANALYSIS

5.1. Norse Energy Corp. ASA Direct Competitors
5.2. Comparison of Norse Energy Corp. ASA and Direct Competitors Financial Ratios
5.3. Comparison of Norse Energy Corp. ASA and Direct Competitors Stock Charts
5.4. Norse Energy Corp. ASA Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Norse Energy Corp. ASA Industry Position Analysis

6. NORSE ENERGY CORP. ASA NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. NORSE ENERGY CORP. ASA EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. NORSE ENERGY CORP. ASA ENHANCED SWOT ANALYSIS²

9. NORWAY PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. NORSE ENERGY CORP. ASA IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. NORSE ENERGY CORP. ASA PORTER FIVE FORCES ANALYSIS²

12. NORSE ENERGY CORP. ASA VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Norse Energy Corp. ASA Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Norse Energy Corp. ASA 1-year Stock Charts
Norse Energy Corp. ASA 5-year Stock Charts
Norse Energy Corp. ASA vs. Main Indexes 1-year Stock Chart
Norse Energy Corp. ASA vs. Direct Competitors 1-year Stock Charts
Norse Energy Corp. ASA Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Norse Energy Corp. ASA Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Norse Energy Corp. ASA Key Executives
Norse Energy Corp. ASA Major Shareholders
Norse Energy Corp. ASA History
Norse Energy Corp. ASA Products
Revenues by Segment
Revenues by Region
Norse Energy Corp. ASA Offices and Representations
Norse Energy Corp. ASA SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Norse Energy Corp. ASA Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Norse Energy Corp. ASA Capital Market Snapshot
Norse Energy Corp. ASA Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Norse Energy Corp. ASA Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Norse Energy Corp. ASA Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?