OB:SUBCEnergy Services
Subsea 7 (OB:SUBC) Valuation Check After New Shell And Gennaker Contract Wins
Subsea 7 (OB:SUBC) is back in focus after announcing two sizeable contract awards, one from Shell for subsea work on the Kaikias Waterflood project and another for Germany’s Gennaker offshore wind farm.
See our latest analysis for Subsea 7.
Those contracts have arrived alongside a clear pick up in momentum, with the share price at NOK242.8 and a 30 day share price return of 19.49%, while the 1 year total shareholder return of 39.39% and 5 year total shareholder return of 237.85% point to...