Monday, September 17, 2012
Ezion
Ezion: JP Morgan initiates coverage with Overweight call and $1.60 TP. Note that Ezion Holdings is the owner of the largest and most sophisticated class of Liftboats in the world and one of the first to promote its usage in Asia & Middle East with two main segments Fleet of 16 Liftboats / Service rig (including under-construction), and Fleet of 31 vessels (including 11 vessels in service for Gorgon project) specializing in offshore marine logistics & support services focusing on LNG field development support.
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Lately, Ezion had run up sharply. Any pullback is quite likely. Beware of any pullback.
ReplyDelete:) 2 cents opinion