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


Reports
Date
Date
Comp Name
Doc Title")
Text
2019-03-24T18:38:03+1
NTS ASA
An Icelandic Game Changer
What's new: NTS subsidiary Ice Fish Farm receives 14.8kt additional farming capacity
Our 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.
2019-03-22T10:28:46+1
Equinor
Johan Sverdrup field centre installation completed
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.
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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