BIT:SPMEnergy Services
Saipem (BIT:SPM): Valuation Check After Major QatarEnergy LNG Offshore Compression Contract Win
Saipem (BIT:SPM) just landed a five year EPCI contract from QatarEnergy LNG for the North Field offshore compression project, a deal that meaningfully fattens its order book and underlines its role in large scale energy infrastructure.
See our latest analysis for Saipem.
The contract news drops into a market where Saipem’s share price has already shown improving momentum, with a 1 month share price return of 9.69 percent and a 7 day share price return of 6.48 percent. A 3 year total...