PGS Q4 EBITDA stronger than guidance, sees better seismic market


https://newsweb.oslobors.no/message/468355

Innkommet 31.01.2019 07:14
Jan 31 (Reuters) - Seismic firm Petroleum Geo Services ASA
:
* 2019 MULTICLIENT CASH INVESTMENTS ARE EXPECTED TO BE
APPROXIMATELY $250 MILLION
* PGS EXPECTS FULL YEAR 2019 GROSS CASH COSTS OF
APPROXIMATELY
$550 MILLION
* PGS Q4 SEGMENT REVENUES $245.2 MILLION VERSUS PRELIMINARY
VIEW
OF $235 MILLION
* THIS NUMBER TAKES INTO ACCOUNT AN ESTIMATED APPROXIMATELY
$50
MILLION REDUCTION FROM IMPLEMENTATION OF IFRS 16 IN 2019
* PGS Q4 SEGMENT EBITDA $154.5 MILLION VERSUS PRELIMINARY
VIEW OF
$145 MILLION
* CAPITAL EXPENDITURE FOR 2019 IS EXPECTED TO BE
APPROXIMATELY $85
MILLION, WHICH INCLUDES REACTIVATION OF RAMFORM VANGUARD
* MORE THAN 50% OF 2019 ACTIVE 3D VESSEL TIME IS EXPECTED TO
BE
ALLOCATED TO MULTICLIENT ACQUISITION
* WE EXPECT SEISMIC MARKET IN 2019 TO CONTINUE IMPROVEMENT
TREND
EXPERIENCED DURING 2018
* ORDER BOOK TOTALED $163 MILLION AT DECEMBER 31, 2018
(INCLUDING
$59 MILLION RELATING TO MULTICLIENT)
* PGS Q4 SEGMENT EBIT $47.9 MILLION
* EXPECTS FULL YEAR 2019 GROSS CASH COSTS OF APPROXIMATELY
$550
MILLION
* IN CONTRACT MARKET WE EXPERIENCE HIGHER ACTIVITY, IMPROVED
VISIBILITY AND BETTER PRICES AS WE MOVE INTO 2019
* REVENUE GROWTH AND LOWER COSTS WILL POSITION US TO IMPROVE
CASH
FLOW FURTHER THIS YEAR
* EXPECTS CONTINUED CAPEX DISCIPLINE AMONG OIL FIRMS
* EXPECT CONTRACT PRICING TO BE MATERIALLY HIGHER IN 2019
VERSUS
2018
* PETROLEUM GEO SERVICES SAYS WELL POSITIONED TO REFINANCE
IN 2019
* PETROLEUM GEO SERVICES EXPECTS TO SIGNIFICANTLY EXPAND
CASH FLOW
IN 2019
* PETROLEUM GEO SERVICES SAYS 2019 GLOBAL DEMAND OUTLOOK IS
STRONG
AND DRIVING INCREASED ACTIVITY LEVELS OF 10-15%, WITH INDUSTRY
UNDER-SUPPLY ANTICIPATED MID-YEAR
* PETROLEUM GEO SERVICES SAYS GOOD VISIBILITY FOR 2019 IN
THE
CONTRACT SEGMENT WITH SIGNIFICANTLY HIGHER RATES ACHIEVED TO
DATE VERSUS 2018
* PETROLEUM GEO SERVICES SAYS TWO RAMFORM TITAN-CLASS
VESSELS WILL
HAVE SCRUBBERS INSTALLED IN 2019
* PETROLEUM GEO SERVICES SAYS WE PLAN TO INSTALL SCRUBBERS
ON THE
TWO REMAINING RAMFORM TITAN-CLASS VESSELS IN 2020
* PETROLEUM GEO SERVICES SAYS SCRUBBERS WILL ALLOW USE OF
HFO FUEL
ON ALL RAMFORM TITAN-CLASS VESSELS – A SIGNIFICANT COST
ADVANTAGE

Source text for Eikon:
Further company coverage:

(Reporting By Ole Petter Skonnord)
((olepetter.skonnord@thomsonreuters.com;))
Redigert 31.01.2019 kl 07:24 Du må logge inn for å svare
Bmwi8
31.01.2019 kl 12:07 291

Aksjonær i 3 dager og 200k i gevinst holdt for min del. Lykke til videre
wassa
31.01.2019 kl 11:53 320

Mega bull for Plcs!

31.01.2019 11:07:41: PGS: Mandatory Notification of Trade



Anne Grete Dalane, Board member of PGS has on January 31, 2019 bought 8 000
shares in PGS at a price of NOK 18.97 per share. Following the transaction, Anne
Grete Dalane owns 18 000 shares in PGS.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading A
https://newsweb.oslobors.no/message/468387
Quul
31.01.2019 kl 09:56 423

For en guiding,billigere for pgs og eie båter her nå enn for tgs og leie.
Er Pgs i ferd med og bygge en pengebinge.
Kommer det et oppkjøp?Utrolig billig nå må være vel.