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OilStockReport Free

11/17/10 7:51 PM

Post #2

Re: #1: @OilStockReport - Within the oilfield services group, we are positive

Consolidation is nearly over. Watch for the next leg up here traders.

OilStockReport Free

10/28/10 1:26 PM

Post #1

Within the oilfield services group, we are positive on London-based Acergy S.A. (Nasdaq: ACGY). With a healthy backlog, significant cash balances and no near-term refinancing requirements, Acergy should weather the challenging business environment better than many of its peers.

Our continued Outperform recommendation on Acergy ADRs also reflects the company’s high-quality client base, which mostly includes well-capitalized oil majors or national oil companies. We believe Acergy’s impending merger with Subsea 7 will create a stronger, more diverse seabed-to-surface engineering and construction player, enabling it to provide a broader array of services.

Acergy S. A. (ACGY)

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Created	10/28/10	Type	Free
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Within the oilfield services group, we are positive on London-based Acergy S.A. (Nasdaq: ACGY). With a healthy backlog, significant cash balances and no near-term refinancing requirements, Acergy should weather the challenging business environment better than many of its peers. Our continued Outperform recommendation on Acergy ADRs also reflects the company’s high-quality client base, which mostly includes well-capitalized oil majors or national oil companies. We believe Acergy’s impending merger with Subsea 7 will create a stronger, more diverse seabed-to-surface engineering and construction player, enabling it to provide a broader array of services.