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Eni SpA-ADR

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Italian energy player Eni SpA has been witnessing robust production growth and expects the trend to continue. This is mainly because of new field startups and ramp-up of projects that commenced operations. Also it’s relatively low risk earnings growth and an increasing dividend that yields a solid 6% adds visibility to the story. Further with the expected strengthening of global economy, we believe that Eni offers ample opportunity for profitability in the coming quarters. However, lower oil prices continue to take a toll on Eni's key upstream unit, while challenges faced by the European gas and refining sectors will restrict downstream performance.


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