Ezion

Ezion: DnB NOR reiterate BUY, TP $0.90, and see contracting opportunities if grp’s new marine services contract worth US$55m, secured in Queensland supports view that Ezion is in a strong position to ride the growth in LNG developments in the country. Believe that this will open doors to future contracts in the region and that Ezion’s execution is likely to be key, long-term outlook remains positive