Aker BP (Buy, TP: NOK225.00) - Our take on investor discussions following in-line Q2 results
The Q2 results were in line with our estimates but just below consensus. However, the 2020 guidance was as we expected, and we maintain our positive view; we reiterate our BUY and NOK225 target price. Below we summarise our main investor discussions today following the results and intraday share price weakness.Aker BP ASA engages in the exploration, development, and production of petroleum resources on the Norwegian Shelf. In addition, Co. has a separate Johan Sverdrup business unit to manage its interest.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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