PVD [MARKET PERFORM +0.0%] - Jack-up rates under pressure; TAD faces slight delay - Update
  • 2021-08-26T00:00:00
  • Company Research


- We keep our MARKET PERFORM rating while cutting our TP by ~11% as we forecast a net loss in 2021F vs a small gain previously and reduce 2022-2025F reported NPAT-MI by 11.5% on aggregate due to weaker projected drilling and well-related services profits. 



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