Subsea 7 : Energy security will involve offshore
>Outperform rating (target price NOK 100) reiterated - Following the Q1 2022 earnings release and the conference call, we leave our 2022-2024 earnings sequence unchanged. We think that the group is well positioned to benefit from the recovery in oil and gas prices (via its positioning in the North Sea and a possible acceleration of investments in short-plateau projects) as well as a strategy to accelerate investments in renewables in Europe to reduce its dependen...Subsea 7 is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. Co. provides products and services required for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore. Co. also provides products and capabilities to deliver full Life of Field services to its clients. Through its i-Tech Division, Co. provides remotely operated vehicles and tooling services to support exploration, production and drilling activities.
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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