Saipem : A difficult equation: COVID 19 + Mozambique + problems at offshore wind
>Underperform recommendation - We are sticking with our recommendation on the stock, despite a marked sector outperformance YTD. Indeed, visibility remains, for the time being, too limited with too many lingering uncertainties on the re-starting of the project in Mozambique and now with negotiations to be put in place with lenders. The risk/reward is not attractive enough at this stage, we reiterate our Underperform recommendation and have made a significant downward...Saipem is a global contractor with local presence in Africa, Central Asia, America, the Middle East and South East Asia. Co. provides engineering, procurement, construction and installation services; and engineering, procurement and construction services to the oil and gas industry, both onshore and offshore, with a focus on projects, including activities in remote areas, in deep waters and on projects that involve difficult gas or crude supplies.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.