Brooge Energy Limited (BROGF)

$2.00 -0.60 (-23.08%)
Market Cap N/A
Revenue (ttm) 0.00
Net Income (ttm) 0.00
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin 0.00%
Debt to Equity Ratio N/A
Volume 115,800
Avg Vol 633,080
Day's Range N/A - N/A
Shares Out N/A
Stochastic %K 37%
Beta N/A
Analysts Strong Buy
Price Target N/A

Company Profile

Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates. The company operates phase I and phase II facilities which comprises oil storage tanks offering storage, heating, and blending of fuel oil and clean petroleum products. The company was formerly known as Brooge Holdings Limited and changed its name to Brooge Energy Limited in April 2020. The company was incorporated in 2019 and is based in Fujairah, the U...

Industry: Oil & Gas Midstream
Sector: Energy
Phone: 971 9 201 6666
Address:
PO Box 50170, Fujairah, United Arab Emirates
Stockinvestor73
Stockinvestor73 Jul. 23 at 6:06 PM
$BROGF
0 · Reply
omenkes
omenkes Jul. 22 at 4:34 AM
$BROGF now we get to phase 3: see the link from my post two posts ago (2024 annual report sec filling) at page 46. there are two options for phase 3: 1. adding up to 3,500,000 m3 (22 million barrels) of storage or 2. the preffered option that they will do: adding up to 1,660,000 m3 (10.4 million barrels) of storage plus an 180,000 bopd refinery. $650M of cash from mcb offering for brooge shareholders will give them ability to do the storage parts with no additional debt (especially storage of option 2). page 47 estimate cost of storage construction at close to phase 1 and 2 per barrel. phase 1 & 2 average (including other infrastructure not needed here) was $355 per m3. for 1,660,000 m3 that would be $590M. pretty close to mcb offering. refiney cost for conventional in the area is > $20,000 per barrel. they are talking about being a toll fee base. this is a desired area for petrochemical refinery (low cost energy and low cost crude in the area). financing would be external.
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 21 at 11:44 PM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 21 at 10:06 PM
$BROGF
0 · Reply
omenkes
omenkes Jul. 21 at 12:08 PM
$BROGF https://www.sec.gov/ix?doc=/Archives/edgar/data/1774983/000121390025038264/ea0240456-20fa1_brooge.htm read pages 27 - 28. phase I = 0.399 m2 (page 29), capex cost = $170.0M (p. 27) (including interest) = 2.51M barrels storage capacity (p. 29) 2014 - 2017 construction time. phase II = 0.601 m2 (page 29), capex cost = $185.9M (p. 27) (including interest) = 3.78M barrels storage capacity (p. 29) 2019 - 2021 construction time. 2024 adjusted ebitda = $54.3M 2023 adjusted ebitda = $79.7M 2022 adjusted ebitda = $53.9M 2022 was first year of phase 2. 2023 was a year of higher utilization + higher storage rates. 2024 was a year of lower utilization with high storage rates. a certain customer (impacted by russia sanctions) had lower usage part of the year and when subleased to others - they got over $5M rebates for 50% of the usage fees of their subleased storage. they had very high admin costs as well. admin costs ballooned in 2024 to $15M (if my memory still works). gulfnav comes with >$30M ebitda too. good luck to all.
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 19 at 1:50 AM
$BROGF totally manipulated
0 · Reply
omenkes
omenkes Jul. 18 at 2:18 PM
$BROGF https://www.zawya.com/en/press-release/companies-news/gulfnav-successfully-completes-mandatory-convertible-bond-offering-a7xvgxrj
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 17 at 8:25 PM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 17 at 6:36 PM
$BROGF
0 · Reply
Ali24424
Ali24424 Jul. 16 at 7:27 PM
$BROGF
0 · Reply
Latest News on BROGF
No data available.
Stockinvestor73
Stockinvestor73 Jul. 23 at 6:06 PM
$BROGF
0 · Reply
omenkes
omenkes Jul. 22 at 4:34 AM
$BROGF now we get to phase 3: see the link from my post two posts ago (2024 annual report sec filling) at page 46. there are two options for phase 3: 1. adding up to 3,500,000 m3 (22 million barrels) of storage or 2. the preffered option that they will do: adding up to 1,660,000 m3 (10.4 million barrels) of storage plus an 180,000 bopd refinery. $650M of cash from mcb offering for brooge shareholders will give them ability to do the storage parts with no additional debt (especially storage of option 2). page 47 estimate cost of storage construction at close to phase 1 and 2 per barrel. phase 1 & 2 average (including other infrastructure not needed here) was $355 per m3. for 1,660,000 m3 that would be $590M. pretty close to mcb offering. refiney cost for conventional in the area is > $20,000 per barrel. they are talking about being a toll fee base. this is a desired area for petrochemical refinery (low cost energy and low cost crude in the area). financing would be external.
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 21 at 11:44 PM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 21 at 10:06 PM
$BROGF
0 · Reply
omenkes
omenkes Jul. 21 at 12:08 PM
$BROGF https://www.sec.gov/ix?doc=/Archives/edgar/data/1774983/000121390025038264/ea0240456-20fa1_brooge.htm read pages 27 - 28. phase I = 0.399 m2 (page 29), capex cost = $170.0M (p. 27) (including interest) = 2.51M barrels storage capacity (p. 29) 2014 - 2017 construction time. phase II = 0.601 m2 (page 29), capex cost = $185.9M (p. 27) (including interest) = 3.78M barrels storage capacity (p. 29) 2019 - 2021 construction time. 2024 adjusted ebitda = $54.3M 2023 adjusted ebitda = $79.7M 2022 adjusted ebitda = $53.9M 2022 was first year of phase 2. 2023 was a year of higher utilization + higher storage rates. 2024 was a year of lower utilization with high storage rates. a certain customer (impacted by russia sanctions) had lower usage part of the year and when subleased to others - they got over $5M rebates for 50% of the usage fees of their subleased storage. they had very high admin costs as well. admin costs ballooned in 2024 to $15M (if my memory still works). gulfnav comes with >$30M ebitda too. good luck to all.
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 19 at 1:50 AM
$BROGF totally manipulated
0 · Reply
omenkes
omenkes Jul. 18 at 2:18 PM
$BROGF https://www.zawya.com/en/press-release/companies-news/gulfnav-successfully-completes-mandatory-convertible-bond-offering-a7xvgxrj
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 17 at 8:25 PM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 17 at 6:36 PM
$BROGF
0 · Reply
Ali24424
Ali24424 Jul. 16 at 7:27 PM
$BROGF
0 · Reply
omenkes
omenkes Jul. 16 at 3:56 PM
$BROGF let's think about it: you get to buy 4 shares of gulf nav for less than 1 aed and 20 more for 1.25 aed. market price is 5.98 aed. shares are locked up for a year and the mcb's to be converted into the 20 shares are locked up for a year after conversion. really great reasons to be bearish... to anyone who does not get it: 85% of brooge is owned by members of the toyal uae family. chairman of the Co.pany is also from the same family. this is a deal for the privileged 85% owners that we get on because we happen to be minority shareholders. like I said, lots of reasons for bearishness. you can not make it up.
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 16 at 3:54 PM
$BROGF It's very clear that the market makers are trying to manipulate this stock based on the bids and asks they publish. Yesterday and earlier today it was very clear that they want to manipulate it to the upside.........
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 15 at 6:12 PM
$BROGF
1 · Reply
Stockinvestor73
Stockinvestor73 Jul. 15 at 4:38 PM
$BROGF hardly any communication on this
0 · Reply
Jumpinjackflash33
Jumpinjackflash33 Jul. 11 at 6:45 PM
$BROGF any idea when this will stop trading?
2 · Reply
omenkes
omenkes Jul. 11 at 7:59 AM
$BROGF I love the arguments on the bearish side on this board... anyone who wants to understand the situation once the pending steps for the transaction to execute, please read what I wrote on the board over the last week.
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 10 at 7:11 PM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 10 at 12:44 AM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 9 at 9:01 PM
$BROGF
0 · Reply
Stockinvestor73
Stockinvestor73 Jul. 9 at 7:13 PM
$BROGF
0 · Reply
omenkes
omenkes Jul. 9 at 12:08 PM
$BROGF mcb = pay 1.25 aed for gulfnav share in three years (including a year lock up). today that share is 5.8 aed. not a liability... an asset is the mcb. its not a ponzi scheme.
0 · Reply
omenkes
omenkes Jul. 9 at 12:06 PM
$BROGF value of brogf vs 4 shares of gulfnav at 5.5 aed each. reduce price to 4.75 and you get 22 aed - 2 aed to add = 20 aed or $5.44. reduce 15% for a year lock up and you are over $4. still. and again, if you convert half your mcb's - you have a great return. good luck to all.
0 · Reply