Morgan Stanley hit on Saipem

Analysts at Morgan Stanley judge still attractive to the oil sector. “We believe that economic recovery will lead the growth of oil demand, and therefore at least the stability of oil prices over the next two years,” they hear from the merchant . Among the different titles is interesting to Saipem. The study highlighted how it has been slightly polished the expectation of EPS Saipem 2002, which rose from 0.44 to 0.43 , but is instead increased the estimate for 2003 from 0.43 to 0.52 . Morgan Stanley expects profits for Saipem 2002-190 million against 168 million in 2001, which then rise to 231 million in 2003. Aumeteranno the income from 1.927 billion in 2001-2780 million for 2002 and 3.502 million in 2003.

  • Share/Save/Bookmark
Tags: , , , , , ,

Related posts

The pharmaceutical enjoy good health

good day for the pharmaceutical sector of the securities, led upward by Sanofi that is scoring an increase of 2.84%. Schering also positive in soil that leaps ahead of 3.08% to 62.22 . Rain to buy are the shares of Fresenius (+2.43% to 50.2 ), while Aventis traders do not mind that reward now dragging the title to 68.9 (+1.25%). Misstep, however, for which Zeltia pede 0.72%. Astrazeca which remains unchanged at 2662 pence.

  • Share/Save/Bookmark
Tags: , ,

Related posts

Paris: A list by dotted red marks

It ‘was a rude awakening this morning on the Paris Bourse. The Cac 40 shows only red marks and loses 1, 92% at 4019 points. A weigh more titles in the technology sector are in sharp decline swaps ST Microelectronics losing more than 6%, even bad Thomson Multimedia (-2.49%) and Alcatel falling by 5.5%. Télécom in soil negative (-3.8%) and Dassault Systemes, which marks -4.47%.

  • Share/Save/Bookmark
Tags: , ,

Related posts

ECB, little risk of rising short rates

According to some experts in Europe has slightly softened the scenery which saw increases rates by the ECB already July. There are two elements that could persuade the ECB to revise its intentions restrictive. First inflation, after soaring earlier this year due to a combination of oil and changeover, appeared in appreciable return. Second, even the recent appreciation of the against the dollar, reducing the costs of goods paid for in dollars, lightens the component of imported inflation.

  • Share/Save/Bookmark
Tags: , , , , ,

Related posts

Profit taking on Eni

The renewed confidence on the TMT is pushing to take on the title of six-legged dog. Eni is in fact registered a decline of 0.75% with the action that is at 16.75 . Be noted that the Brent futures is stable. Yesterday, the oil group had benefited from the statements of the AD Mincato the opportunity to acquire within one year 66% of GVS, the Bavarian that operates in the gas sector.

  • Share/Save/Bookmark
Tags: , , , , , , , , , ,

Related posts

Invesclub “debt reduction a priority for TLC”

Paolo Rizzo, an fundamental Invesclub Sgr, does not believe that licenses can phone put the spotlight in the coming months, given high levels of debt. “The main problem in the telecoms sector debt remains high, a factor that affects prices as assign a higher risk to these actions. such as Telecom, Deutsche Telekom and Telefonica will necessarily reduce its debt, and this will to some painful choices, “says the . iudizio neutral instead for the energy sector, the protagonist of the in recent months. “The energy sector – explains Rizzo – it is well behaved in recent times thanks to increasing oil prices, which led to higher margins for individual operators. Now we should see a stabilization, unless unforeseen events, which will lead to oil prices less volatile and thus the area could suffer a little ‘ “

  • Share/Save/Bookmark
Tags: , , , , , , , , , , ,

Related posts

CSFB raises target price of Brent for the biennium 2002-03

Credit Suisse First Boston raised its forecasts on oil prices, given the greater likelihood that OPEC production cuts to keep the entire second half of 2002. The Swiss investment has brought its estimate on the price of Brent in 2002 to $ 23, while its forecasts for 2003 have been raised to $ 20 per barrel / Brent.

  • Share/Save/Bookmark
Tags: , , , , ,

Related posts

Eni on top thanks to OPEC

The decision by oil producing countries belonging to OPEC to cut production (1 million barrels) has given breath to the title of six-legged dog that is touching the highest of the day. Eni is rising by almost 0.5% at 13.76 accomplice also the rise in Brent in London is back above 25 dollars a barrel.

  • Share/Save/Bookmark
Tags: , , , , ,

Related posts

Sitting penchant for European oil

are still the weakest bonds of the old continent’s oil sector, the triggers sales in wake of the downturn of oil prices despite the possibility of a production cut by OPEC. ’s Total Fina Elf before capitalization of the CAC 40, marking a decline of 0.45% at 153.80 , a substantial decrease even Royal Dutch losing the 1, 16% to 62.86 . Starting the session in negative terrain for Eni lost 0.39% and Repsol loses 0.59% at 18.39 .

  • Share/Save/Bookmark
Tags: , , , , , , ,

Related posts

Frankfurt, shines the energy E. On

Good performance at the Frankfurt for E. On, the German multi-utility operating mainly in the energy sector. The title, with an increase of 1, 4% at 64.44 , marks now the best price rise in the Dax, down 0.89%. This suggests that the has welcomed the agreement reached yesterday between E. ON and Britain’s BP Amoco, an agreement that provides for the of certain assets between the two energy giants, with the sale by E. On to BP of Veba Oil, and the acquisition of E. ON Ruhrgas in the participation of BP, the largest European distributor of gas.

  • Share/Save/Bookmark
Tags: , , , , , , , ,

Related posts