OB:TGSEnergy Services
TGS (OB:TGS) On Indonesia Contract Extension And A Valuation That Still Looks Debated
Contract extension in Indonesia puts TGS in focus
TGS (OB:TGS) drew attention after announcing a one month extension to its largest seismic streamer acquisition contract offshore Indonesia, a short but meaningful addition to near term revenue visibility for the Oslo based data specialist.
The one month Indonesia extension lands while TGS shares trade at NOK139.3, with short term share price momentum softening after a 30 day share price return of 4.97% and a 90 day share price decline of...