Ivory Coast Sees Oil Output Increasing More Than Fivefold by 2035

Ivory Coast expects its oil output to increase more than fivefold in the next decade, boosted by recent discoveries and the start of production at two offshore fields.
'By 2035, crude-oil production is expected to reach at least 500,000 barrels per day, placing our country among the top five oil-producing countries on the continent,' Minister of Petroleum, Energy and Mines Mamadou Sangafowa-Coulibaly said. 'Natural gas will account for 1 million cubic feet per day.'

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23 minutes ago

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Those who invested in JSE (JSE:JSE) three years ago are up 59%

By buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger returns, and build a portfolio ourselves. For example, JSE Limited (JSE:JSE) shareholders have seen the share price rise 26% over three years, well in excess of the market return (20%, not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 25% in the last year, including dividends. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. JSE was able to grow its EPS at 8.9% per year over three years, sending the share price higher. We don't think it is entirely coincidental that the EPS growth is reasonably close to the 8% average annual increase in the share price. This suggests that sentiment and expectations have not changed drastically. Rather, the share price has approximately tracked EPS growth. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). We know that JSE has improved its bottom line lately, but is it going to grow revenue? Check if analysts think JSE will grow revenue in the future. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, JSE's TSR for the last 3 years was 59%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! It's nice to see that JSE shareholders have received a total shareholder return of 25% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand JSE better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with JSE . But note: JSE may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on South African exchanges. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo

6 hours ago

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3 Reasons to Buy CNQ Stock Like There's No Tomorrow

Written by Adam Othman at The Motley Fool Canada Energy stocks have long been a favourite investment for many Canadian investors due to the industry's resilience in the sector. One of my top picks is Canadian Natural Resources (TSX:CNQ), which is up by almost 33% from its 52-week low right now. If you've been wondering where you can invest in the stock market right now, CNQ stock might be a good investment to consider, and here's why. Canadian Natural Resources is a $97.19 billion market capitalization company headquartered in Calgary. It is one of Canada's largest oil and natural gas producers, with lucrative operations in Offshore Africa and the North Sea. As of this writing, CNQ stock trades for $46.43 per share, up by almost 300% in the last five years. Like other oil and natural gas producers, CNQ stock felt the effects of lower oil prices, but more recently, it attributed the share price declines it faced. The tariff-induced sell-off saw its shares dip to around $35 per share, alongside Western Texas Intermediate (WTI) crude oil prices going as low as US$57 per barrel. As of this writing, WTI crude stands at US$72.80 per barrel. Still lower than the US$80 mark from last year, the recovery in oil prices has improved the situation for CNQ stock and its peers in the energy sector. The recent improvement in oil prices means better margins for CNQ stock, translating to a spike in share prices. Geopolitics has far-reaching consequences, and investors in the energy sector definitely feel it. Rising tensions between Iran and Israel, the trade war between the U.S. and China, and the tariff-fueled trade issues between the U.S. and Canada have all had a say in the situation. The latest oil price hike is due to the Iran-Israel conflict, which might lead to Iran closing off the Strait of Hormuz. This is a region through which up to 30% of the global oil supply must travel to reach international customers. An escalation of conflicts in the region could send oil prices soaring past US$80 per barrel, and increase demand for Canadian oil, which might be more readily available. The performance of Canadian Natural Resources on the stock market might have suffered due to factors out of its control, but it is doing well as a business. The first quarter of fiscal 2025 saw it report record oil and natural gas production, boosted by production from new assets from its acquisition of Canadian assets held by Chevron late in 2024. Its improving financial performance can also be attributed in part to its efficient operations. The breakeven point for CNQ stock is a US$45 price per barrel. With WTI climbing, its margins are increasing considerably. I have no doubt there will be more market volatility in the near term due to various geopolitical factors. However, CNQ stock is well-capitalized enough to weather the storm and adjust to any changing market conditions, especially those that favour demand for Canadian-produced oil. I think it might be worth adding to your self-directed investment portfolio if you can withstand short-term volatility. The post 3 Reasons to Buy CNQ Stock Like There's No Tomorrow appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources. The Motley Fool has a disclosure policy. 2025

Bloomberg

9 hours ago

• Bloomberg

In a Global Storm, Markets Reward Indifference

Amid the geopolitical and economic maelstroms of 2025, diversified investors may end up remembering the first six months for something altogether less dangerous or dramatic. In the face of bloody conflicts stretching from Europe to the Middle East and Africa, a chaotic trade war and America's deepening domestic crises, the year has still managed to see the strongest stretch of synchronized market gains in years. Rather than spelling a slow-motion disaster for bulls, months of whiplash across equities, fixed income and commodities have rewarded strategic indifference while punishing overconfidence. Strategies that spread risk across assets are outperforming by near-historic margins, a shift from the concentrated bets that favored the likes of Big Tech stocks in recent years.