PGS : Refinancing… a question that has become more pressing
>Reduce rating maintained pending refinancing - Despite the recent correction in the share price following the announced failure of the group’s refinancing, we think that the risk-reward profile is not attractive. Refinancing is currently the key point of the investment case. If the group has to go to the equity market, current investors will inevitably see their stakes diluted. We prefer to have greater visibility on the smooth execution of this key step, expected in...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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