BASF's stock potentially surging by nearly 50%

In a surprising turn of events, German chemical giant BASF has completed the separation of its oil and gas business, Wintershall Dea, earlier than expected. This move was announced in the new print edition of BÖRSE ONLINE.

The separation was achieved by transferring the exploration and production business of Wintershall Dea to the British energy company Harbour Energy. As the main owner of Wintershall, BASF will receive $1.56 billion and newly issued shares in Harbour Energy.

The deal does not include Wintershall activities related to Russia, for which BASF has significant federal guarantees.

The editorial team at BÖRSE ONLINE considers this move a cyclical turnaround story for BASF, with a high dividend yield. They predict that the company will pay out €3.1 billion as a dividend of €3.40 per share next year.

The market capitalization of Harbour Energy, the company to which BASF transferred the activities of its Wintershall subsidiary, is around €4.6 billion. This listing on the stock exchange should facilitate BASF's planned "step-by-step and optimized" exit from its stake in Harbour Energy over the next few years.

The target price for BASF's share, given the company's new direction, is €65, offering almost 50% upside potential. It's important to note that this prediction does not include any information about potential conflicts of interest for the editorial team or for the CEO and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch.

BASF expects to utilize the cash influx from the Wintershall Dea separation to finance the dividend for the current fiscal year. The Ebitda before special items for BASF is projected to be in the lower range of the €8 to €8.6 billion target set by the board in 2024.

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