Report
Baptiste Lebacq

CGG : Stratégie de diversification ambitieuse

>Recommandation Neutre et OC 0.85 € - 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 au Capex de développement. Dans un second temps, une reprise des dépenses d’exploration semble de plus en plus probable. La stratégie de diversification mise en place par le groupe devrait lui permettre à terme de réduire sa cyclicité. Cependant elle va nécessiter d...
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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