Report
Baptiste Lebacq

TechnipFMC : An increasingly well-lined project pipeline

>Outperformance recommendation (TP $ 10) - We reiterate our Outperformance recommendation on the share (TP $ 10). TechnipFMC seems to be more in control of its supply chain than some of its peers as the industry contends with several bottlenecks arising from the pandemic, the clean energy transition and now Russia’s invasion of Ukraine. The share still has potential for a rerating despite already putting on 23% YTD. Protection against materials costs and ...
Underlying
TechnipFMC Plc

TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

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