Report
Baptiste Lebacq

CGG : Début d’année difficile - Scénario d’une montée en puissance progressive

>Opinion Neutre maintenue - Nous maintenons notre recommandation Neutre sur le titre (OC 0.85 €). La remontée du baril devrait dans un premier temps bénéficier aux projets à cycles courts et aux Capex de développement. Dans un second temps, une reprise des dépenses d’exploration semble de plus en plus probable, voir même indispensable. La stratégie de diversification mise en place par le groupe (Beyond the core business) devrait lui permettre à terme de réduire s...
Underlying
CGG
CGG

CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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