Subsea 7 : Significant new success in offshore wind
>A contract that confirms our investment case Buy; target price NOKÂ 75) - We maintain our Buy recommendation on the stock, with a target price of NOKÂ 75. This contract lends weight to our vision, i.e. diversification in the offshore wind farm installation market could be a real haven for offshore E&C companies. Subsea 7 is the group with the most credible strategy, in our opinion, with dedicated installation and especially lifting assets for these projects. The g...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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