Ascent restarts production at gas well in Slovenia s Petisovci field Author: Ilya. Licence: Creative Commons.
LJUBLJANA (Slovenia), February 5 (SeeNews) – UK-listed Ascent Resources has put its PG-11A well in Slovenia s Petisovci tight gas field back into production following recent increases in local gas prices, it said on Friday.
The PG-11A well, one of the two development wells of Ascent in Petisovci, was put back into production with a view to accreting additional revenues as gas prices in Slovenia rose by about 175% from the mid-2020 levels of circa 7 euro per MWh, the company said in a filing with the Ljubljana Stock Exchange.
- Intesa Sanpaolo earnings
HUFFING AND PUFFING. Peloton Interactive’s shareholders are riding into the sunset. The $42 billion exercise equipment and virtual workout service said its subscriber base shot up more than 130% in the quarter ended Dec. 31 compared to the same quarter in 2019. Its market capitalization per subscriber has increased about as much, too. Each Peloton customer is worth more than $26,000.
That’s roughly 24-fold the value Netflix shareholders ascribe to their subscribers. It may be in part attributed to Peloton’s astronomical growth, and its recent purchase of Precor to help manufacture its bikes.
But the company is now running up a game of numbers. Even if the value of Peloton’s users stays the same, growing subscribers at twice the clip again would imply an equity value of more than $80 billion. That’s four Nautilus, plus three Beyond Meat, plus a Lululemon Athletica. (By Lauren Silva Laughlin)