Fearnley Securities
Where industry experts go for advice.
Fearnley Securities
Where industry experts go for advice.


Reports
Date
Date
Comp Name
Doc Title")
Text
2019-03-21T17:12:39+1
Pangaea Logistics Solutions
Business Model Made for Volatility
What's new: 4q18 results
Our 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.
2019-03-21T09:14:00+1
Offshore & Oil Services
A Better Start to the New Year than One Could Hope for
2019-03-21T09:00:47+1
E&P Weekly Oil inventories fall, market tightening faster than expected
2019-03-20T16:33:16+1
EIA Weekly Inventories fall. US production temporarily in reverse?
2019-03-20T08:52:39+1
Seismic Weekly - Week 12
2019-03-19T09:06:34+1
High Yield Weekly - Week 12
2019-03-19T07:41:06+1
Drillers Weekly - Week 12
2019-03-18T08:16:19+1
Shipping Weekly - Week 12
2019-03-15T13:02:42+1
Oil Market
IEA: Minor demand/non-OPEC estimate revisions continued OPEC decline
2019-03-15T07:30:02+1
Okeanis Eco Tankers
Focus on Realization
What's new: Update post 4q18 and Oslo Axess listing
Our take: 100% ECO scrubber fleet makes OET an optimal vehicle to play the 2019/20 tanker super cycle. Reiterate Buy, TP NOK 120.
2019-03-14T08:58:56+1
E&P Weekly 11 North American production estimates get shaved
2019-03-13T16:10:48+1
EIA Weekly Inventories continue to plunge, refinery runs weak, is it Venezuela?
2019-03-13T08:37:11+1
Seismic Weekly - Week 11
2019-03-12T18:25:51+1
EIA Monthly EIA lowers US production forecast, sees tighter world supply/demand balance
2019-03-12T14:16:13+1
International Seaways
Almost One Dollar of EPS in 1q19
2019-03-12T09:47:28+1
Drillers Weekly - Week 11
2019-03-12T09:09:12+1
High Yield Weekly - Week 11
High Yield Weekly - Week 11
2019-03-12T07:55:17+1
Borr Drilling
A Backlog Ready to be Filled
What's new: 4q18 review
Our take: Having secured indicative required financing for the fleet build-up, and seeing inbound contracts with dayrates moving north, BDRILL is ready to capitalize on the recovery
Changes in estimates
Fearnley Securities AS was established in 1987 as an independent full service investment bank within the Astrup Fearnley Group.
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Fearnley Securities was founded in 1987 on the premise to capitalize on the long maritime traditions, strengths and resources within Astrup Fearnley.
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