Deutsche Rohstoff


Market Cap€120.4m

Last Close €23.7

Deutsche Rohstoff identifies, develops and monetises resource projects in North America, Australia and Europe. The company’s focus is on the development of oil and gas opportunities in the US.

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Investment summary

Strong production and oil prices led to Deutsche Rohstoff’s (DRAG’s) solid results in H121 with EBITDA up 150% to c €40m (c €16m in H120) and net cash flow generation of c €17m. Management, which is typically conservative, has increased earnings guidance for 2021 and 2022. An extensive $60m drilling programme, comprising 12 wells at Cub Creek’s Knight pad and one well at Bright Rock’s new acreage in Wyoming, is due for completion by end-Q3 with production commencing in Q4.

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Share price graph
Price performance
Actual 20.6 (4.4) 111.6
Relative* 19.4 (5.2) 88.6
52-week high/low €25.6/€10.0
*% relative to local index
Key management
Thomas Gutschlag CEO
Jan-Philipp Weitz Head of Business Development
Patrick Pohl Analyst

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