| Videos | Channels | Search |
Subsea 7 looks set to rise: Garnry
Saxo Bank head of equity strategy Peter Garnry is looking to buy Subsea 7. He says that the firm's Q1 earnings provided a glimpse of what makes Subsea 7 a great company.
According to Garnry, the company managed to offset revenue decline by aggressive cost-cutting, preserving its attractive operating margin. He adds that the order intake and backlog looked good despite the Q1 revenue miss.
Garnry thinks that the stock is the best high-beta play should oil prices continue to rally in 2016.
01:37 minutes
Tags: commodity, energy, equities, long, oil, oil price, peter garnry, saxotradergo, subsea 7, tradingfloor.com
Switch to