11 Norway 2026
In this review of Vår Energi’s 25FY results I go beyond the headlines and revisit the investment thesis. The company remains a low-cost NCS operator with predictable cash generation, Eni-backed governance, and a dividend-first mindset. I cover reserves, leverage, development plans, and the key risks around commodity prices and execution. Despite market noise, the fundamentals and margin of safety still look intact.
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Vår Energi ASA (VARRY) yahoo finance
Shareholders - Simply Wall Street
Vår Energi ASA (ticker: VAR) is primarily controlled by Italian energy company Eni S.p.A., which holds a 63.04% stake as of early 2026
. The remaining shares are largely held by institutional investors, including Norwegian pension fund Folketrygdfondet (4.2%) and various international funds, with a free float of over 20% to support liquidity.VarEnergi #VAROL #Eni #ENI #Norway #DividendStocks #OilStocks #OilStocks #DividendInvesting #ValueInvesting #EnergyStocks #EuropeanStocks #StockAnalysis #OOTT
