reports
Seadrill Ltd: 1 director
A director at Seadrill Ltd bought 4,000 shares at 50.781USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...
- Martin Huseby Karlsen
Transocean Ltd. Announces $188 Million Ultra-Deepwater Drillship Contr...
Transocean Ltd. Announces $188 Million Ultra-Deepwater Drillship Contract Extension STEINHAUSEN, Switzerland, June 26, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in direct continuation of the rig’s current program and is estimated to contribute approximately $188 million in backlog, including additional services. About Transocean Transocean is a leading international provider of offshore contract drill...
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
- Martin Mauseth
- Stian Wibstad
EQNR EQUINOR ASA
AKAST AKASTOR ASA
PGS PGS ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
BORR BORR DRILLING LTD
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
SDRL-NO SEADRILL
DOFG DOF GROUP ASA
- Martin Huseby Karlsen
- Martin Huseby Karlsen
Ventura Offshore - Initiation of coverage - In a deepwater hot spot
In a deepwater hot spot With a local footprint, superior cost structure and recently executed 5-year surveys, we consider Ventura Offshore well placed to generate solid cash flows even under its current legacy dayrates. We also see a bright outlook for new long-term contracts starting in mid-2026, supported by ongoing tenders and Petrobras’ rig demand comments. In our view, new contracts at leading-edge dayrates (cUSD400k) would be key to the investment case, with the stock trading at a 2027e EV...
- Martin Huseby Karlsen
- Martin Huseby Karlsen
Diamond Offshore Drilling Inc: 3 directors
Three Directors at Diamond Offshore Drilling Inc sold 45,369 shares at 15.110USD. The significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...
Transocean Ltd. Announces $161 Million in Contract Extensions and Exer...
Transocean Ltd. Announces $161 Million in Contract Extensions and Exercised Options for Harsh Environment Semisubmersibles STEINHAUSEN, Switzerland, June 04, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract fixtures for three of its harsh environment semisubmersibles. Together, the fixtures represent approximately $161 million in firm contract backlog. In Norway, Transocean Spitsbergen was awarded a three-well contract extension with Equinor. The program is expected to commence in the fourth quarter of 2025 in direct continuation of the rig’s c...
- Martin Huseby Karlsen
- Martin Huseby Karlsen
Sepia and Atapu progressing
Petrobras and its partners have taken final investment decision (FID) for one additional FPSO each on the Sepia and Atapu fields offshore Brazil. Expansion of both projects have been expected and processes to hire relevant oil services (FPSO, drilling and subsea) have been ongoing. First oil is planned for 2029. In relation to the FID, FPSOs have been ordered at Seatrium. For offshore drilling, the initial 3-rig tender for these two developments was launched one year ago, but has been delayed on...
- Martin Huseby Karlsen
- Martin Huseby Karlsen
Odfjell Drilling (Buy, TP: NOK85.00) - Distribution capacity underpinn...
Yesterday’s backlog addition at a dayrate of cUSD500k (2026 execution) has further improved the company’s industry-leading backlog coverage. With 5-year surveys, deleveraging, and paying dividends near-term, we believe the next leg of the investment case is higher dividends in 2025e. We have examined the dividend capacity in a scenario where the company stops deleveraging (leverage 1.5x) and find it could return c90% of its market cap to shareholders by end-2028e. We believe the stock will conti...
- Martin Huseby Karlsen
Borr Drilling Minor model adjustments
We have updated our estimates following the latest contract updates and other marginal revisions, and expect Q1 EBITDA of USD117m (Bloomberg consensus USD120m). We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our NOK95 target price. The Q1 results are due on 23 May.
- Jonathan Moreland
CPSI COMPUTER PROGRAMS & SYSTEMS INC.
CNMD CONMED CORPORATION
BCRX BIOCRYST PHARMACEUTICALS INC.
AVD AMERICAN VANGUARD
AQMS AQUA METALS INC
NEWT NEWTEK BUSINESS SERVICES INC.
SABR SABRE CORP.
AAOI APPLIED OPTOELECTRONICS INC.
RIGN TRANSOCEAN LTD.
NQP NUVEEN PENNSYLVANIA INVESTMENT QUALITY MUNICIPAL FUND INC.
ZOM ZOMEDICA PHARMACEUTICALS CORP
ARKR ARK RESTAURANTS CORP.
HAIN THE HAIN CELESTIAL GROUP
UBFO INC.
AFB UNITED SECURITY BANCSHARE
MAV ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND
NEPH PIONEER MUNICIPAL HIGH INCOME ADVANTAGE TRUST
MHI NEPHROS INC
EYE PIONEER MUNICIPAL HIGH INCOME TRUST
CDLX NATIONAL VISION HOLDINGS
NWPP CARDLYTICS INC
EAF NEW PEOPLES BANKSHARES INC.
ISDR GRAFTECH INTERNATIONAL
AVRO ISSUER DIRECT CORP.
FSK AVROBIO
RRBI FS KKR CAPITAL CORP
GO RED RIVER BANCSHARES
FNWB GROCERY OUTLET HOLDING
HQL FIRST NORTHWEST BANCORP
HQI TEKLA LIFE SCIENCES INVESTORS
TLS HIREQUEST INC.
FTHM TELOS
GRNT FATHOM HOLDINGS
RPHM GRANIT SKOPKE
TMCI RENEO PHARMACEUTICALS
WES INC.
HUMA TREACE MED CONCEPTS INC
BGS WESTERN MIDSTREAM PARTNERS LP
DCGO HUMACYTE INC
TRDA B&G FOODS
BHVN INC.
VPV DOCGO INC
VSTS_w ENTRADA THERAPEUTICS INC
BHRB BIOHAVEN LTD
IZEA INVESCO PA VALUE MUNI INC TST
MIO VESTIS CORPORATION
BURKE HERBERT FINANCIAL SERVICES CORP
IZEA WORLDWIDE INC
PIONEER MUN HIGH INCOME OPPORTUNITIES FD INC
- Jonathan Moreland
RIGN TRANSOCEAN LTD.
NQP NUVEEN PENNSYLVANIA INVESTMENT QUALITY MUNICIPAL FUND INC.
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND
MAV PIONEER MUNICIPAL HIGH INCOME ADVANTAGE TRUST
MHI PIONEER MUNICIPAL HIGH INCOME TRUST
NWPP NEW PEOPLES BANKSHARES INC.
FSK FS KKR CAPITAL CORP
RRBI RED RIVER BANCSHARES
HQL TEKLA LIFE SCIENCES INVESTORS
HQI HIREQUEST INC.
TLS TELOS
VPV INVESCO PA VALUE MUNI INC TST
MEGI MAINSTAY CBRE GBL INFRASTRUCTURE MEGATRENDS FD
MIO PIONEER MUN HIGH INCOME OPPORTUNITIES FD INC
Transocean Ltd: 1 director
A director at Transocean Ltd bought 2,000,000 shares at 6.010USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
- Martin Huseby Karlsen
- Martin Huseby Karlsen
Odfjell Drilling (Buy, TP: NOK65.00) - Investment case intact
After several quarters with results in line or above expectations, Q1 was slightly negative on somewhat higher capex for its upcoming 5-year surveys. Despite a NOK1.3/share effect compared to our estimates, the investment case remains intact, with an industry-leading cash-flow yield (17–26% yield to EV in 2025–2026e) and highly attractive multiples (adj. 2026e EV/EBITDA of 2.3x). We expect it to continue to outperform the sector, and maintain our BUY and NOK65 target price.
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