PGS : Adjustments to be profitable before possible growth
>Caution still called for - We are sticking with our Reduce recommendation on the stock. After numerous adjustments, the seismic market has reduced capacity by nearly 50%. However, new capacity is likely to return at the start of 2019, which could undermine the (long-awaited) rise in prices. This leads us to (once again) postpone our scenario for a recovery. We do not think that seismic surveys are a priority for oil companies in the short term and in the oil service...Petroleum Geo-Services is engaged in providing geophysical services and oil and gas production services. As of Dec. 31, 2001, Co. operated six Ramform design vessels in its marine seismic data acquisition operations.
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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