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Repsol

From Fossil Fuels to Wind Power: The Transformation of Repsol Alright folks, today we're talking about Repsol, the Spanish energy company, and their joint venture with Ibereólica Renovables in Chile. They've just announced the opening of their second wind farm project, the Atacama wind farm, which has an impressive installed capacity of 165.3 megawatts and is expected to produce over 450 gigawatt-hours of clean energy a year. Now, here's the thing - this is a positive step for Repsol in expanding their renewable energy portfolio and supporting Chile's goal of reaching 70% renewable energy by 2030. The 14-year power purchase agreement between the companies reflects a promising double-digit return on the asset, which is certainly a good sign for investors. However, we can't overlook the fact that the energy industry is facing significant disruption and challenges due to increasing pressure to shift towards renewable energy sources and reduce carbon emissions. Repsol's financial performance has also been impacted by the COVID-19 pandemic and declining energy demand. So, while this joint venture and the Atacama wind farm project are certainly positive developments for Repsol, investors should also consider the broader market conditions and potential risks associated with the energy industry before making an investment decision. It's a complex and rapidly evolving landscape, and it's important to stay informed and evaluate all the factors before making any investment moves.
BME:REPLong
by DCAChampion
REPSOL, S.A. REBOUND FROM DAILY SUPPORT LINELooking at the technical picture of the Repsol SA stock on our daily chart, we can see that from the end of October, the share price has been drifting lower while trading below a short-term tentative downside resistance line. The experts said that overall, the stock continues to trade above a medium-term tentative upside support line, which may lead to some higher areas again if it stays intact, however, given that the share price is stuck between the two lines. Repsol S.A. operates as an integrated energy company worldwide, and its financial statistic indicators look so relevant with PE Ratio 13.3 and with earnings forecast of 4.97% per year. But according to the experts, the company is still overvalued at the current price with a fair share price of 6.41 EUR per share. Suppose the stock breaks the previously discussed upside line and falls below the 10.01 hurdle, marked by the inside swing that could clear the path to further declines. REP might send the stock to the 9.74 zones, which could provide a temporary hold-up. That said, if there are still no new buyers' insight, the slide may continue, and the next target could be at 9.46. A break of the aforementioned downside line and then a push above the 10.82 hurdles and the high of yesterday could open the door for higher areas, as more buyers might join in. REP may then drift to the 11.21 obstacle or even the 11.39. If the buyers don’t stop there, the next possible target could be at 11.78, marked by the highest point of October. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
BME:REP
by legacyFXofficial
1
Repsol S.A. (REP.mc) bearish scenario: We can found a technical figure Rising Wedge in Spanish company Repsol S.A. (REP.mc) on a daily chart. Repsol S.A.s a Spanish energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities. In the 2020 Forbes Global 2000, Repsol was ranked as the 645th-largest public company in the world. It has more than 24,000 employees worldwide. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. The Rising Wedge has broken through the support line on 09/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 9.128 EUR. According to the experts, your stop loss should be around 9.976 EUR if you enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:REPShort
by legacyFXofficial
SACYR: Shaping H&S after inverse one outcome got kicked outWe are always listening to "Sacyr wins this concession in Chile", "Sacyr wins this construction in ____", "Sacyr enters bid to build a hospital in Lisbon"... But what if there are overcosts or a new confinement? Nowadays, the company is unprofitable. In 2019, it lost €297 million and historically Sacyr has always been correlated with the price fluctuations of REPSOL (who's been behavioring really bad lately). EBITDA was up 25% in 2019, up to 679 million. Debt was increased by 6.6% up to €4,315 million. Sales decreased 33% in all areas except Industrial one. Sacyr has a stake of 8.2% in Repsol whose contribution to the firm's profits in 2019 is -354 million. The first semester, Sacyr's profits were 12.9% lower (to 70 million) YoY. It has a provision of 30 million and REPSOL's contribution to profit was -18 million. Ebitda is up 10.4% to 348 million. Sales +3.5% (2,079 million). Sacyr increases debt by 213 million from December 2019 due to all those investments on concessions we are hearing nowadays. So in case the company starts growing in 2020, it will do so with a large burden of debt. It is important to look at the Construction Index from Spain to have a preview of how companies are dealing with this pandemic. ACS shares, for example, are being severely punished. BME:ACS From technical perspective, BME:SCYR is shaping a closing triangle that might end on September 14. Even though all these good news about winning contracts surround the company, investors are smart enough to know that the high stake on Repsol will drag it down in case the pandemic worsens or oil prices start to fall. The inverse Head and Shoulders it shaped some weeks ago (starting June 14) ended on August 4. It lasted therefore one month and ten days. Now, the symbol has started a H&S figure on July 10 but its outcome is still not noticeable. I will post a study on construction companies after publishing this post. My final conclusion on SACYR is short as long as oil markets tumble and covid19 cases increase. Also, the company might be involved in legal procedures that may affect its continuation of an uptrend. First support at 1.80, second at 1.50.
BME:SCYRShort
by alexinve
1