SPU - Solid Q4 late sales –We like Spectrum’s positioning for 19


SB1M er ute med stor sektor rapport på olje og oljeservice. SPU er deres foretrukne aksje blant seismikkaksjene. De har en kjøpsanbefaling med kursmål 60, og skriver blant annet følgende (redigert da det første som ble klippet inn ble bare surr):

"Seismic: We are encouraged by the strong revenue updates we have seenfor Q4 18, and are particularly impressed by PGS' late sales performance. The outlook is solid for the seismic market in 2019 and 2020 as well, where we estimate spending growth of 10%/15%. The seismic recovery since 2016 has been driven by MC late sales whilecontract seismic has been depressed. In 2018, vessel owners however saw day rates increasing from low levels. We see the supply/demand situation tighten further in 2019 and estimate 15% higher day rates. How many vessels Shearwater brings back to the marketwill however be decisive for pricing. After having been cautious to PGS for a while, we now find the valuation attractive and upgrade from Neutral to Buy with a NOK 24 target price. We also resume coverage of Polarcus with a Neutral rating and NOK 1.5 targetprice. We highlight Spectrum and Magseis as top picks on the back of attractive MC and OBS exposure, respectively."
Redigert 09.01.2019 kl 09:48 Du må logge inn for å svare