Syns dette er bra :-)

selv om jeg står på 20 kroner


ODL: DANSKE BANK HØYNER KURSMÅL TIL 17 FRA 10, GJENTAR KJØP
Oslo (TDN Direkt): Danske Bank Markets høyner kursmålet på Odfjell Drilling til 17 kroner pr aksje, fra tidligere 10 kroner. Kjøpsanbefalingen gjentas, ifølge en analyse mandag morgen.

"Odfjell Drilling er fortsatt vårt toppvalg innen sektoren. Selskapet fortsetter å vinne viktige kontrakter i Norge med arbeid i mange år fremover som gir en solid visibilitet i kontantstrømmen", skriver meglerhuset, som har fjernet rabatten til verdijustert egenkapital (NAV).

TDN Direkt finans@tdn.no

Økte beholdningen i dag.

Markedet jobber opp forventningene :-)

Ingen grunn til at denne aksjen skal være ned 60-70% siden starten på året

Profit & loss YTD 2020
Operating revenue for YTD 2020 was USD 364 million (USD 388 million), a decrease of USD 24 million,
mainly due to decreased revenue in the MODU segment from YTD 2019 to YTD 2020.
EBITDA in YTD 2020 was USD 163 million (USD 145 million), an increase of USD 18 million, mainly due to
increased EBITDA in the MODU segment and the Well Services segment.
The EBITDA margin in YTD 2020 was 45% (37%).
EBIT in YTD 2020 was USD 51 million (USD 58 million), a decrease of USD 7 million.
Net financial expenses in YTD 2020 amounted to USD 32 million (USD 47 million). The decrease in net
expenses of USD 15 million from YTD 2019 to YTD 2020 was mainly explained by reduced interest
expenses and borrowing costs, as well as a change in fair value of derivatives and change in net currency
gains and losses.
In YTD 2020, the tax expense was USD 3 million (USD 1 million).
Net profit in YTD 2020 was USD 16 million (USD 10 million)

Deepsea Bergen to be recycled

Outlook


MODU:
- Attractive harsh environment assets, strong backlog and healthy outlook despite
the COVID-19 and volatility in oil price
Drilling & Technology:
- Solid operations combined with healthy financial results
- Successfully commenced operations with ConocoPhillips on Ekofisk in July 2020
Well Services:
- Continued strong activitiy although the service market has been affected by less
demand due to COVID-19/oil price turbulence.
Key Financials:
- Earnings visibility through USD 2.2 billion order backlog
- Sound cash position
- Strong balance sheet combined with continued de-leveraging
- No short term refinancing requirement

Oslo (TDN Direkt): Odfjell Drilling venter at utnyttelsen til riggflåten for moderne rigger til bruk i krevende forhold (harsh environment) vil forbli på høye nivåer.
Det fremkommer av kvartalsrapporten torsdag.

Utnyttelsen for den totale tilgjengelige riggflåten i markedet vil forbli på et lavt nivå, særlig for rigger til bruk på ultradypt vann og rolig farvann. Selskapet forventer at den nåværende svakheten i markedet vil føre til med skraping og videre eliminere nytt tilbud av rigger på kort til mellomlang sikt.

Odfjell må da være et positivt case på litt lengre sikt. God backlog og konkurransedyktige HE-rigger. Og vil tro det er god mulighet for at Deepsea Aberdeen kommer over på norsk sokkel snart.

Litt overrasket over dagens oppgang når en rapporterer 60 mill NOK i tap.
Men oppgang på høy omsetning, på topp-10-listen, er bra.

Odfjell Drilling is pleased to announce its investment in Oceanwind AS. Oceanwind’s long-term objective is to own and operate harsh environment floating offshore wind turbines. With almost 50 years of offshore competence in Odfjell Drilling and 20 years of offshore wind experience among Oceanwind’s founders, the parties believe that this is a winning combination for further commercialising energy from offshore wind. Odfjell Drilling has the intention to achieve a controlling position, subject to successful completion of the contemplated equity tranches. “With the discovery of Ekofisk in 1969, Norwegian industry players asked themselves how to take advantage of the business opportunities ahead. In 1971, Rederiet Odfjell made the final investment needed to complete the first floating drilling rig design ever created in Norway. This was the beginning of what we now recognise as Odfjell Drilling. I believe we are in a similar situation today. Our objective is to create value for our shareholders and society by leveraging almost five decades of competence in operating floating assets in harsh environments to develop a solid concept within offshore wind together with Oceanwind’s founders. I hope this day is the beginning of a new chapter, and another major milestone in the company’s history,” says CEO Simen Lieungh of Odfjell Drilling AS. “We are very pleased and honoured to have joined forces with Odfjell Drilling. With their long tradition and impeccable track record as a high quality operator of drilling units, it was easy for us to knock on their door. For many years, our goal has been to harvest green energy offshore. In 2001, as founders of SWAY, we initiated the game-changing technology for floating offshore wind turbines. Almost twenty years later we have decided to enter the business of owning and operating such assets and become an important contributor to the reduction of fossil fuel emissions,” says Oceanwind Founder Jon Erik Borgen and CTO/Founder Eystein Borgen. “Odfjell Drilling is known for operating with the highest safety standards and for having a very strong and competent in-house team covering all aspects of floating asset management, including technical, operational and commercial capabilities. This meets Oceanwind’s goals as a future owner and operator of floating assets,” says CEO/Founder Geirmund Aasbø of Oceanwind. For Odfjell Drilling this is also an important step in the strategy towards “zero emission drilling”. Since 2015, the company has invested countless hours to optimise rig operations from an energy saving perspective. By reviewing operational procedures and introducing new battery and hybrid technologies, emissions from our drilling operations can be significantly reduced. However, reaching zero requires an alternative to fossil fuels as the primary energy source. Oceanwind’s technology and business model can enable Odfjell Drilling to deliver energy efficient, world-class drilling operations, contributing to clients’ and Odfjell Drilling’s zero carbon emission targets. “Developing solutions to connect our rigs to offshore wind installations is one possible road to zero emission drilling. With ownership in Oceanwind, we are well positioned to make it a reality,” says Per Lund, EVP Technology & Sustainability of Odfjell Drilling.

Odfjell skraper Deepsea Bergen
https://energi24.no/nyheter/odfjell-skraper-deepsea-bergen

Langt på overtid. Helt utrolig lang tid de har brukt på denne avgjørelsen riggen har vært inne til verft ca 6 måneder. Masse bortkastet kapital i dårlige tider.

https://www.offshorewind.biz/2020/08/27/odfjell-drilling-acquiring-stake-in-norwegian-floating-wind-developer/