Published On: April 12th, 2021Categories: Trade Ideas
Saipem SpA is a leading Italian company in engineering, construction and drilling of major projects in the energy and infrastructure sectors.
2020 has been a difficult year for the company, with the oil market crisis, projects delayed and pandemic impacts. With backlogs at all-time highs and large diversity with 75% non-oil weighting, the mediumterm picture looks attractive to us. We like its move towards energy transition.
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