OMV Petrom (SNP.RO) has the most cash, RON15.1 billion in the first quarter of 2024 or 32% of its RON48 billion capitalization. Next is Transgaz (TGN.RO), 20%, Romgaz (SNG.RO), 18%, Conpet (COTE.RO), 17.6%, Nuclearelectrica (SNN.RO), 15.5%, Transelectrica (TEL.RO), 15.1%, Electrica (EL.RO), 4.8% and Hidroelectrica (H2O.RO), 1.1%.
“One can see the future investment financing needs and we’re thinking here OMV Petrom and Romgaz, where we know significant investments in Neptun Deep are in store,” says Radu Cojoc, Goldring broker.
(English version by Loredana Fratila-Cristescu)