BNP sees growing challenges for oil sector, downgrades Subsea 7
** Exane BNP Paribas warns of the impact of peaking demand, increasing supply and the return of spare capacity from OPEC+ on the oil sector, as it cites the latest medium-term outlook from the International Energy Agency
** OPEC+ plans to gradually increase oil production by 2.2 million barrels per day from December through 2025, BNP says, while the IEA expects global demand for oil to reach its highest point in 2029
** "We see risks to the oil sector firmly skewed to the downside," the broker says
** BNP names Saipem SPMI.MI as its top pick, pointing to "more resilient" gas focused contract awards for the Italian group
** It downgrades Subsea 7 SUBC.OL to "neutral" from "outperform", saying the stock is fairly valued after the Norwegian energy services firm reported strong Q2 numbers and upgraded its outlook
** Subsea 7 trades at a 20% discount to its mid-cycle EV/EBITDA ratio vs a 50% discount for Saipem, the broker adds
** Shares in Subsea 7 fall around 5% and are among the worst performers on the pan-European STOXX 600 .STOXX
Reporting by Tilla Sjaavaag
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
