reports
- 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...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
- Ian Wong
- Ian Wong
TGS ASA - Tear Sheet - Lucror Analytics
TGS ASA has priced a USD 550 mn five-year senior unsecured notes offering at par to yield 8.5%. Proceeds from the offering, along with cash on balance sheet, restricted cash reserve for ECF loans and borrowings from the new term loan A, will be used to fully redeem the USD 450 mn senior secured bond due 2027, repay amounts drawn from the existing RCF, repay the ECF loans, as well as pay fees and expenses related to the transaction. We see yields on the notes as slightly attractive, and initi...
TGS ASA Announces Pricing of Senior Secured Notes Offering
TGS ASA Announces Pricing of Senior Secured Notes Offering OSLO, Norway (20th November 2024) – TGS ASA (“TGS” or the “Company”), a global leader in energy data and intelligence, today announced that it has priced its offering (the “Offering”) of $550 million aggregate principal amount of 8.50% Senior Secured Notes due 2030 (the “Notes”) at a price equal to 100.0% of the aggregate principal amount thereof. Interest will be payable semi-annually. In connection with the Offering, the Company has also announced that it has entered into new super senior secured credit facilities, which include ...
Petroleum Geo-Services AS – Exercise of call option for PGEOS01
Petroleum Geo-Services AS – Exercise of call option for PGEOS01 OSLO, Norway (20 November 2024) – Further to announcement by TGS ASA (“TGS”) on 20 November 2024, TGS' subsidiary, Petroleum Geo-Services AS, has today given a conditional notice of exercise of its option to redeem all outstanding bonds under the Petroleum Geo-Services AS 13.50% Senior Secured USD 450,000,000 Bond Issue (PGEOS01) with ISIN NO0012873670 (the "Bonds"). The Bonds will be redeemed at a price equal to 109.5% of the face value for each redeemed Bond, which constitutes the Make-Whole Amount under the Bonds. In accord...
SalMar - Sale by primary insiders in connection with release of employ...
SalMar - Sale by primary insiders in connection with release of employee restricted share units completed Reference is made to the stock exchange announcement published by SalMar ASA ("the Company") on 19 November 2024 regarding the release of shares to participants in the Company's RSU program, and the participants ordering a third party to immediately sell a portion of the received shares in order to cover the tax liability. The share sale has been completed and the price obtained by the third party by selling the shares in the market was NOK 566.3408 per share. - Arthur Wisniewski h...
SalMar - Salg av primærinnsidere i forbindelse med frigivelse av ansat...
SalMar - Salg av primærinnsidere i forbindelse med frigivelse av ansattes restricted share units gjennomført Det refereres til børsmelding publisert av SalMar ASA («Selskapet») den 19. november 2024 om frigivelse av aksjer til deltakere i Selskapets RSU-program, samt deltagernes ordre til en tredjepart om å omgående selge en andel av de mottatte aksjene omgående for å dekke skattepliktig beløp ved mottagelse av aksjene. Aksjesalget er gjennomført og salgskursen oppnådd av tredjeparten ved salg av aksjene i markedet var NOK 566,3408 per aksje. Følgende primærinnsidere har solgt aksjer: Ar...
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
TGS Awarded OBN Contract in Europe
TGS Awarded OBN Contract in Europe OSLO, Norway (20 November 2024) – TGS, a leading provider of energy data and intelligence, is pleased to announce award of an OBN contract in Europe. The company’s node-on-a-rope crew is scheduled to commence acquisition early April 2025 and the contract has a duration of approximately 35 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this contract from a repeat customer. Our node-on-a-rope crew ensures efficient acquisition of high quality data over a well-established producing field. The data is used to optimize resource...
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Stian Wibstad
- Ole Martin Westgaard
Schibsted (Sell, TP: NOK300.00) - Less talk - show acceleration
We believe the Schibsted CMD revealed that its future success is more dependent upon its ability to create revenue growth than pursue low-hanging cost cuts. We reiterate our SELL and NOK300 target price, as we continue to find the valuation rich relative to its peer group and growth prospects.
TGS Awarded Major 3D Streamer Contract by ONGC offshore India
TGS Awarded Major 3D Streamer Contract by ONGC offshore India OSLO, Norway (20 November 2024) – TGS, a leading provider of energy data and intelligence, is pleased to announce award of a significant 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract has a duration of approximately six months. India is a hotspot for streamer seismic and ocean bottom node work and the contract award strengthens TGS’ position in the area, underscoring the company’s ongoing commitment to...
SalMar - Release of employee restricted share units
SalMar - Release of employee restricted share units 1. Participants in the Company's RSU program have on November 19th 2024, settled a total number of 155 752 RSUs. Following the release, 155 752 shares will be transferred from the Company's holding of own shares. Subsequent to the transaction the Company holds 114 554 own shares. 2. Restricted share units released by primary insiders November 19th 2024: - Arthur Wisniewski has received 2 019 shares in the Company- Eva Haugen has received 1 676 shares in the Company- Frode Arntsen has received 4 475 shares in the Company- Håkon Husby has...
SalMar - Frigivelse av ansattes Restricted Share Units
SalMar - Frigivelse av ansattes Restricted Share Units 1. Deltagere i Selskapets RSU program har 19. november 2024 fått frigitt totalt 155 752 RSUer. Som følge av frigivelsen vil 155 752 aksjer overføres fra selskapets beholdning av egne aksjer. Etter transaksjonen har Selskapet 114 554 egne aksjer. 2. RSUer frigitt til primærinnsidere 19. november 2024: - Arthur Wisniewski har mottatt 2 019 aksjer i Selskapet- Eva Haugen har mottatt 1 676 aksjer i Selskapet- Frode Arntsen har mottatt 4 475 aksjer i Selskapet- Håkon Husby har mottatt 1 280 aksjer i Selskapet- Roger Bekken har mottatt 3 3...
- ABGSC Media Research
- Ali Shemmari
- Petter Nystrøm
- ABGSC Seafood Research
- Martin Kaland
- Simon Brun
- ABGSC IT Research
- Herman Caspersen
- Øystein Elton Lodgaard
- Alexander Aukner
SalMar (Buy, TP: NOK690.00) - Raising long-term ambitions
SalMar’s Q3 report was a mixed bag, with a material cut to the 2024 harvest guidance, 2025 Norwegian harvest guidance in line with consensus, and a new 2028 long-term target of 370kt. The company also raised potential cost synergies by NOK1.25bn between 2024 and 2029, on top of NOK844m already realised. We have cut our 2024–2026e operating EBIT by 5–14%. Our 2025e EPS is 3% below consensus, while 2026e is 8% above. We reiterate our BUY and NOK690 target price.
Moody's Ratings assigns Ba3 rating to TGS ASA's proposed $550 million ...
Moody's Ratings (Moody's) has today assigned a Ba3 rating to the proposed issuance of the USD550 million senior secured notes (Bond) by TGS ASA with a 5 years maturity and expected to be issued by the end of November 2024. The Ba3 long term corporate family rating (CFR) and the Ba3-PD probability of...
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