Tuesday, January 7, 2014
Ezion
Ezion: share price is up2.6% to $2.34, and earlier touched $2.35, marking a new all time high.
Co held an analyst briefing last week, reiterating that strong demand for service rigs is likely to translate into new charter orders.
In recent news, Ezion raised its stakes in two liftboat/service rig assets to make them fully owned. The transactions are viewed as mildly earnings accretive.
Most analysts came away positive on Ezion's outlook, and a few houses like CLSA , RHB reiterate their preference for Ezion as a top pick in the O&M space.
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