View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

   reports
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Stian Wibstad
PREMIUM
PRS-NO PROSAFE
SUBC-NO SUBSEA 7 ... (+24)

Q1'24 sector preview

We expect strong Q1 reports and bullish management teams. Oil price assumptions up, near-term gas price slightly down. Best risk/reward in AKRBP, VAR, IPC, TGS, ODL, DOFG and SUBC.

PRS-NO PROSAFE
SUBC-NO SUBSEA 7
TGS-NO TGS
BWE-NO BW ENERGY
BWO-NO BW OFFSHORE LIMITED
EQNR-NO EQUINOR
AKRBP-NO AKER BP
DNO-NO DNO
VAR-NO VåR ENERGI
OKEA-NO OKEA
PGS-NO PGS
AKER-NO AKER ASA
AKSO-NO AKER SOLUTIONS
AKAST-NO AKASTOR
SEAPT-NO SEACREST PETROLEO
BORR-NO BORR DRILLING LIMITED
SDRL-NO SEADRILL
PEN-NO PANORO ENERGY ASA
DOFG-NO DOF GROUP
ODL-NO ODFJELL DRILLING
ARCH-NO ARCHER LIMITED
BNOR-NO BLUENORD
IPCO-SE INTERNATIONAL PETROLEUM CORP.
NOL-NO NORTHERN OCEAN LTD.
04/11/24 April 11, 2024 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Hold your horses

Looking dead cheap, but we want to see some steady quarters. Still a HOLD, TP to NOK 30 (27).

04/11/24 April 11, 2024 1 EN
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Stian Wibstad
PREMIUM
PRS-NO PROSAFE
SUBC-NO SUBSEA 7 ... (+23)

Q4'23 sector preview

Q4 reports to show improvements and management to be bullish, but investors fear lower oil prices and poorer fundamentals ahead. Best risk/reward in AKRBP, EQNR, TGS, ODL, BORR, DOFG, SUB (all BUY).

PRS-NO PROSAFE
SUBC-NO SUBSEA 7
TGS-NO TGS
BWE-NO BW ENERGY
BWO-NO BW OFFSHORE LIMITED
EQNR-NO EQUINOR
AKRBP-NO AKER BP
DNO-NO DNO
VAR-NO VåR ENERGI
OKEA-NO OKEA
PGS-NO PGS
AKER-NO AKER ASA
AKSO-NO AKER SOLUTIONS
AKAST-NO AKASTOR
BORR-NO BORR DRILLING LIMITED
SDRL-NO SEADRILL
PEN-NO PANORO ENERGY ASA
DOFG-NO DOF GROUP
ODL-NO ODFJELL DRILLING
ARCH-NO ARCHER LIMITED
BNOR-NO BLUENORD
IPCO-SE INTERNATIONAL PETROLEUM CORP.
NOL-NO NORTHERN OCEAN LTD.
01/18/24 January 18, 2024 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Axeing our estimates

Production issues at a number of fields. The Statfjord acquisition was a disaster. But trading below NAV - still a HOLD, TP to NOK 27 (38).

01/18/24 January 18, 2024 1 EN
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Stian Wibstad
PREMIUM
PRS-NO PROSAFE
SUBC-NO SUBSEA 7 ... (+22)

Crude Quarterly Q4'23: near-term, oil price is in OPEC's hands

OPEC will have to extend cuts through Q1'24 before it can increase production. Oil market fundamentals look strong medium- to long-term. Both E&P and oil service shares look highly attractive.

PRS-NO PROSAFE
SUBC-NO SUBSEA 7
TGS-NO TGS
BWE-NO BW ENERGY
BWO-NO BW OFFSHORE LIMITED
EQNR-NO EQUINOR
AKRBP-NO AKER BP
DNO-NO DNO
VAR-NO VåR ENERGI
OKEA-NO OKEA
PGS-NO PGS
AKER-NO AKER ASA
AKSO-NO AKER SOLUTIONS
AKAST-NO AKASTOR
SEAPT-NO SEACREST PETROLEO
KOG-NO KONGSBERG GRUPPEN
BORR-NO BORR DRILLING LIMITED
SDRL-NO SEADRILL
PEN-NO PANORO ENERGY ASA
DOFG-NO DOF GROUP
ODL-NO ODFJELL DRILLING
ARCH-NO ARCHER LIMITED
11/24/23 November 24, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Estimate changes from Crude Quarterly, 24 November

In our 24 November Crude Quarterly report, we update our oil and gas price assumptions for our covered E&Ps. See the report for more details on our new oil market estimates and our updated price assumptions.

11/24/23 November 24, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Stian Wibstad
PREMIUM
PRS-NO PROSAFE
SUBC-NO SUBSEA 7 ... (+23)

Crude Quarterly Q3'23: higher for longer

Oil market fundamentals look strong medium-to-long term. Near term, it all hangs on OPEC. Both E&P and oil service shares look highly attractive.

PRS-NO PROSAFE
SUBC-NO SUBSEA 7
TGS-NO TGS
BWE-NO BW ENERGY
BWO-NO BW OFFSHORE LIMITED
EQNR-NO EQUINOR
AKRBP-NO AKER BP
DNO-NO DNO
VAR-NO VåR ENERGI
OKEA-NO OKEA
PGS-NO PGS
AKER-NO AKER ASA
AKSO-NO AKER SOLUTIONS
AKAST-NO AKASTOR
SEAPT-NO SEACREST PETROLEO
KOG-NO KONGSBERG GRUPPEN
NOR-NO BLUENORD
BORR-NO BORR DRILLING LIMITED
SDRL-NO SEADRILL
PEN-NO PANORO ENERGY ASA
DOFG-NO DOF GROUP
ODL-NO ODFJELL DRILLING
ARCH-NO ARCHER LIMITED
09/29/23 September 29, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Limited upside for now – down to HOLD

Top-notch share price performance limits the upside near-term. Weak Yme production in July worries us. Downgraded to HOLD (Buy), TP to NOK 40 (42).

09/29/23 September 29, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Only minor estimate changes post-Q2

OKEA is on track to reach it's '23e guidance. '23e and '24e EBITDA up 6% and 2%. Attractive valuation: Reiterate BUY and TP of NOK 42.

07/18/23 July 18, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
07/13/23 July 13, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
07/06/23 July 6, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Stian Wibstad
PREMIUM
PRS-NO PROSAFE
SUBC-NO SUBSEA 7 ... (+11)

Crude Quarterly Q2'23: a tad down on oil price assumptions

We have lowered our near-term oil price assumptions for Q3'23-2026e to USD 85 (90) because of slightly lower call-on-OPEC estimates, which is mainly a result of higher assumptions for Russian oil export.

PRS-NO PROSAFE
SUBC-NO SUBSEA 7
BWE-NO BW ENERGY
EQNR-NO EQUINOR
AKRBP-NO AKER BP
DNO-NO DNO
VAR-NO VåR ENERGI
OKEA-NO OKEA
PGS-NO PGS
NOR-NO BLUENORD
SDRL-NO SEADRILL
06/23/23 June 23, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Estimate changes from Crude Quarterly, 23 June

We lower our near-term oil price assumptions to USD 82/bbl (88) in '23e and USD 85/bbl (90) in '24-'26e. We lower our gas price assumptions for '23e to USD 15.4/mmBTU (17.1). See the overview of the estimate changes below and our Crude Quarterly report for more details.

06/23/23 June 23, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Q1 FCF, Statfjord acquisiton lift estimates

Statfjord acquistion lifts '24e production to ~24 kboe/d. '24e EPS up 86%. Attractive valuation: BUY, TP NOK 43 (unchanged).

06/01/23 June 1, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
05/04/23 May 4, 2023 1 EN
ABGSC Credit Research ... (+8)
  • ABGSC Credit Research
  • Andreas Johannessen
  • Bendik Fougner Engebretsen
  • Benedicte Aass
  • Glenn Kringhaug
  • Haakon Amundsen
  • Jonathan Angestjärna
  • Patrik Brattelius
PREMIUM
IOG Independent Oil...
LINK Link Bilgisayar... ... (+38)

Nordic High Yield Bond Coverage 2023

This year we have 69 high yield issuers in our booklet, including a one-page summary of each credit and key focus areas and any credit triggers.

IOG INDEPENDENT OIL & GAS
LINK LINK BILGISAYAR SISTEMLERI YAZILIMI VE DONANIMI SANAYI VE TICARET AS
DNO DNO ASA CLASS A
STA STRANDLINE RESOURCES
NYF NYFOSA AB
OKEA OKEA
LIME LIME TECHNOLOGIES
DistIT DISTIT AB
Extenda EXTENDA RETAIL
Bakkegrupbond BAKKEGRUPPEN
SUBC-NO SUBSEA 7
HPUR-NO HEXAGON PURUS
AKH-NO AKER HORIZONS
BWO-NO BW OFFSHORE LIMITED
AKRBP-NO AKER BP
DNO-NO DNO
OKEA-NO DESENIO HOLDING AB
Desenio ZALARIS
Zalaris AKER ASA
AKER-NO AKER SOLUTIONS
AKSO-NO WALDORF PRODUCTION
Waldorf KMC PROPERTIES
KMC OREXO
Orexo CATELLA
Catella ADVANZIA BANK
Advanzia ØYFJELLET WIND INVESTMENTS
Øyfjellet CRAYON GROUP HOLDING
Bond1 FIRST CAMP GROUP AB
0LLF7F-E NORWEGIAN ENERGY COMPANY
Noreco BAYPORT MANAGEMENT LTD
BOND.BAYP-MU 2020 BULKERS LTD.
2020-NO ARCTIC BIOSCIENCE
ABS-NO AKASTOR
AKAST-NO ICA GROUP
ICA-SE JM
JM-SE LINK MOBILITY
LINK-NO SCANDINAVIAN TOBACCO GROUP
STG-DK TEST COMPANY
04/03/23 April 3, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • Haakon Amundsen
  • John Olaisen
  • Martin Mauseth
  • Stian Wibstad
PRS-NO PROSAFE
SUBC-NO SUBSEA 7
BWE-NO BW ENERGY
EQNR-NO EQUINOR
AKRBP-NO AKER BP
DNO-NO DNO
VAR-NO VåR ENERGI
NOR-NO NORWEGIAN ENERGY COMPANY
OKEA-NO OKEA
PGS-NO PGS
SDRL-NO SEADRILL LTD.
03/14/23 March 14, 2023 1 EN
ABGSC Oil & Oil Services Research ... (+2)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
PREMIUM
OKEA-NO OKEA

Estimate changes from Crude quarterly, 14 March

See this report for our estimate changes from our Crude Quarterly report, in which we adjust our oil price and gas price assumptions.

03/14/23 March 14, 2023 1 EN
New interest

Save your current filters as a new Interest

Please enter a name for this interest
Save

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search
Save

ResearchPool Subscriptions

Get the most out of your insights

Get in touch