reports
Subsea 7 S.A.: 2 directors
Two Directors at Subsea 7 S.A. sold 95,359 shares at between 180.510NOK and 184.962NOK. The significance rating of the trade was 100/100. 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...
Subsea 7 S.A. - notification of trade by primary insiders
Subsea 7 S.A. - notification of trade by primary insiders Subsea 7 S.A. has received notification of transactions in its shares by primary insiders. Please see the attached form for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachments
- Martin Huseby Karlsen
Petrobras FPSO delays may hit service volumes but lengthen cycle
Being the largest global consumer of deepwater oil services, Petrobras’ strategic plans tend to get investor attention. On the positive side, its latest 5-year plan sees 5% higher E&P spending than the previous one, and has a more stable phasing between the years, which is supportive for the cycle duration. However, several FPSOs are facing significant delays, which is on the downside for oil services, leading to delays for deepwater oilfield services (primarily drilling and subsea), likely resu...
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- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- Emmanuel Matot
- Marc Lavaud
- Michael Foundoukidis
- Baptiste Lebacq
Subsea 7 : 2024 EBITDA guidance increased by 5% and great confidence f...
>Outperform rating and target price of NOK 250 - Following the earnings release and the conference call, we leave our earnings sequence unchanged (and are more confident that the group will achieve our estimates). Subsea 7 is in our view well placed to ride: 1/ the ongoing acceleration in offshore/subsea capex (we are looking for average annual market growth of more than 15% over 2024-2026e); 2/ and that in investment in renewables in the UK (post elections) to reduc...
- Baptiste Lebacq
Subsea 7 : Guidance d’EBITDA 2024 relevée de 5% et grande confiance su...
>Opinion Surperformance et OC 250 NOK réitérés - Post publication et conférence call, nous maintenons inchangée notre séquence de résultats (et sommes plus confiants quant à leur atteinte par le groupe). Subsea 7 est, selon nous, bien positionné pour surfer 1/sur l’accélération en cours des Capex en offshore/subsea (nous tablons sur un marché en croissance annuelle moyenne de plus de 15% sur 2024/2026e) ; 2/ ainsi que sur celle des investissements dans les renouvelabl...
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
Subsea 7 S.A. Announces Third Quarter 2024 Results
Subsea 7 S.A. Announces Third Quarter 2024 Results Luxembourg – 21 November 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the third quarter which ended 30 September 2024. Highlights Third quarter Adjusted EBITDA of $321 million, up 59% on the prior year period, equating to a margin of 18% Robust free cash flow of $138 million in the third quarter, leading to a reduction in net debt of $170 millionAdjusted EBITDA in the first nine months of 2024 of $775 million, exceeding the prior fu...
- Martin Huseby Karlsen
Subsea 7 (Buy, TP: NOK260.00) - All eyes on 2025 guidance
We are in line with consensus on Q3e adj. EBITDA and expect 2025 revenue guidance to be the key focus (margin guidance already provided). Our 2025e revenue of USD7.1bn is in line with consensus, with YOY growth supported by an already-secured backlog (69% backlog coverage versus 55% historically), higher dayrates for its PLSVs, and two new fleet additions in 2025. We reiterate our BUY and NOK260 target price.
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
- ABGSC Oil & Oil Services Research
- John Olaisen
Subsea7 share repurchases
Subsea7 share repurchases Luxembourg – 11 November 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 4 November 2024. Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 19 April 2023. The duration of the share repurchase programme: until 18 April 2025. In the period from 4 November 2024 until 8 November 2024 Subsea 7 S.A. has repurchased a ...
- ABGSC Oil & Oil Services Research
- John Olaisen
Seaway7 awarded offshore wind contract in the UK
Seaway7 awarded offshore wind contract in the UK Luxembourg – 6 November 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award to Seaway7, part of the Subsea7 Group, of a substantial1 contract by ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia TWO offshore wind project. ScottishPower Renewables’ £4 billion East Anglia TWO offshore windfarm will be located around 33 kilometres from the east coast of England in the Southern North Sea. Successful in the UK Government’s contracts for difference (CfD) allocation rou...
Subsea7 share repurchases
Subsea7 share repurchases Luxembourg – 4 November 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 28 October 2024. Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 19 April 2023. The duration of the share repurchase programme: until 18 April 2025. In the period from 28 October 2024 until 1 November 2024 Subsea 7 S.A. has repurchased a t...
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
SUBC – Ex. Dividend NOK 3.00 on 30 October 2024
SUBC – Ex. Dividend NOK 3.00 on 30 October 2024 Luxembourg – 30 October 2024 Issuer: Subsea 7 S.A. Ex-date: 30 October 2024Dividend amount: NOK 3.00Announced currency: Norwegian Krone Contact for investment community enquiries:Katherine Tonks Investor Relations Director Tel 8 This information is published in accordance with the requirements of the Continuing Obligations. This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 30 October 2024 at 07:00 CET.
- Quirijn Mulder
Var Energi/Good underlying results, also going forward/BUY
Vår reported 3Q24 figures ahead of our expectations but we have not changed our estimates materially. Commodity price forecasts are unchanged, but we see another mix between the commodities than we had before, which has an impact. These are small adjustments, and we remain confident in Vår Energi as an attractive investment. The company keeps consistent pressure on cost per barrel produced and based on our forecast generates US$3bn in annual CFFO and, sustainable as being supported by new field ...
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