Petrofac : Patience required for the goals of “Rebalance / Reshape / Rebuild”:
>Neutral rating (TP adjusted to 120p). - The highlight of 2021 was clearly the resolution of the SFO investigation. Petrofac is now back in working order and from the commercial standpoint it is authorised to take part in tenders launched by ADNOC (Abu Dhabi national oil company). The group's strategy is based around three goals: Rebalance/ Reshape/ Rebuild, and a pre-requisite is now an acceleration in the order intake, which would be proof that confidence has been ...Petrofac is a holding company. Co. is engaged as a service provider to the oil and gas production and processing industry. Co. designs, builds, operates and maintains oil and gas facilities. Co. has three segments: Engineering & Construction, which provides engineering, procurement and construction project execution services to the onshore and offshore oil and gas industry; Engineering & Production Services, which includes engineering and production services activities to the oil and gas industry; and Integrated Energy Services, which provides an integrated service for clients, with projects that cover upstream developments project, related energy infrastructure projects, and investment.
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.
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