Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
San Donato Milanese (Milan), 9 November 2016 – Saipem has been awarded new contracts and change orders in the E&C Offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (Engineering, Procurement, Installation, Construction), under the Long Term Agreement in force and renewed in 2015 until 2021 for activities in Saudi Arabia. These two contracts refer to, respectively, the development of fields in Marjan, Zuluf and Safaniya located in the Arabian Gulf, which are among the most important offshore fields in the Region. These contracts include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets. Furthermore, the two contracts will also include additional maintenance and dismantling works on the existing platforms already operating in the fields.
San Donato Milanese (Milan), 9 November 2016 – Saipem has been awarded new contracts and change orders in the E&C Offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (Engineering, Procurement, Installation, Construction), under the Long Term Agreement in force and renewed in 2015 until 2021 for activities in Saudi Arabia. These two contracts refer to, respectively, the development of fields in Marjan, Zuluf and Safaniya located in the Arabian Gulf, which are among the most important offshore fields in the Region. These contracts include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets. Furthermore, the two contracts will also include additional maintenance and dismantling works on the existing platforms already operating in the fields.
There has been "no sign of a major collapse in confidence" following the shock Brexit vote in June, the ONS has said this morning. FTSE has rallied with banking stocks today.
I think this might just be a sleeping multibagger. I am ramping. But based upon its growth potential I cannot help but get optimistic. Forgive me. I could be wrong as nothing is a given.
PROFITABLE WITH RISING REVENUE!!!! Great news! Now needs to keep this going with 2-3 years. 2014 looks good already with extra orders. Solar energy is generally doing quite well around the world.
GE Financial Services, http://www.bloomberg.com/news/2014-03-17/ge-energy-to-invest-100s-of-millions-of-euros-in-eu-renewables.html
I estimated from data from Tomco`s presentation including production and cost, and assuming Tomco trades at 10x annual earnings, and that the number of shares remain the same, that the SP would be circa 70p. Please note this is only an estimation and assumes full production and project capex paid off. Interested in other thoughts on SP, as I simply took annual earnings less costs, multiplied by 10, and then divided by shares.
http://www.centerwest.org/publications/oilshale/7new/?tag=red-leaf-resources IMHO this share will take off quite quickly when Red Leaf starts mining, and others see the benefits of the technology.