An Icelandic Game Changer
What's new: NTS subsidiary Ice Fish Farm receives 14.8kt additional farming capacityOur take: Game changing announcement from NTS as the added capacity puts Icelandic subsidiary Ice Fish Farm at the front seat on Iceland. First look indicate NTS SOTP valuation to be upped by NOK 7-9/sh.
Johan Sverdrup field centre installation completed
Pangaea Logistics Solutions
Business Model Made for Volatility
What's new: 4q18 resultsOur take: FY18 results implies 7x earnings and 20% FCF yield. PANLs active chartering model should thrive in volatile conditions, as now. Buy reiterated, TP USD 4.2.
Offshore & Oil Services
A Better Start to the New Year than One Could Hope for
E&P Weekly Oil inventories fall, market tightening faster than expected
EIA Weekly Inventories fall. US production temporarily in reverse?
Seismic Weekly - Week 12
High Yield Weekly - Week 12
Drillers Weekly - Week 12
Shipping Weekly - Week 12
IEA: Minor demand/non-OPEC estimate revisions continued OPEC decline
Okeanis Eco Tankers
Focus on Realization
What's new: Update post 4q18 and Oslo Axess listingOur take: 100% ECO scrubber fleet makes OET an optimal vehicle to play the 2019/20 tanker super cycle. Reiterate Buy, TP NOK 120.