Galp energia Galp Energia, SGPS S.A. Class BEURONEXT_DLY:GALPMc_investorGalp is a company with a market capitalization of around €12.5 billion, a well-established Portuguese energy firm listed in Lisbon. Galp holds a diverse portfolio of assets in both traditional energy and renewable energy sectors. Of course, everyone should conduct their own independent research regarding the company’s assets, balance sheet, and fundamentals. In this post, I’ll focus on one specific asset from a speculative and fundamental perspective — and also touch briefly on its current technical setup. Galp is a significant player in Namibia’s exploration sector, holding an 80% operating interest in Block PEL 83 — a massive offshore block. Roughly two years ago, Galp drilled the Mopane well and discovered a major oil accumulation. Since then, the company has carried out several successful appraisal wells to estimate the size and quality of the reservoir. You can easily find public information about how meaningful this discovery is and what the production tests have shown. Since then, Galp has reported that it’s in negotiations with several global majors regarding a farm-out of this asset. Such an event would be highly significant for Galp, as it’s a mid-sized company facing a potentially very large development that requires a world-class partner. I personally believe we’re entering the final stretch — if no deal materializes within the next 1–3 quarters, it probably won’t happen, at least not at the valuation levels Galp is hoping for. That said, I tend to be positive and believe a deal will happen, though that’s, of course, speculation. From a technical standpoint, the stock recently broke above a sideways resistance zone and gapped higher — if this gap doesn’t close, it’s an interesting setup. I don’t hold a position in Galp at the moment, but I’m constructive on the company. I also have a personal fondness for it, as its partner in the Namibian project was my largest investment during 2022–2023, just before the discovery was made. I sold my position back then for a nice profit to set money aside for a home purchase — and, as it turned out, the well succeeded, and the partner’s stock went up 10x from my original entry price. No regrets at all. Of course, with Galp being a multi-billion-euro company, such exponential moves are not realistic, so no fantasies here. Disclaimer: The information presented here is for general knowledge purposes only and does not constitute investment advice, investment marketing, or a recommendation to buy, hold, or sell any securities or financial instruments. Any investment decision is the sole responsibility of the reader, and it’s advisable to consult a licensed investment advisor before making any financial decisions.