PGS : The start of a (re)positioning on new energies
>We maintain our cautious stance - We maintain our Underperform rating on the stock and maintain our earnings forecasts post Q1 results publication. The seismic segment seems (finally) to be showing signs of improvement, but the latter remains very fragile and the return of cold stacked capacity does not in the short term facilitate anticipating a recovery in pricing power for the seismic players. Moreover, the positioning on new energies will take time, in our view, ...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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