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  • Video / 07 June 2016 at 9:47 GMT

    Subsea 7 looks set to rise: Garnry

    Peter Garnry
    Saxo Bank head of equity strategy Peter Garnry is looking to buy Subsea 7. He says that the firm's Q1 earnings provided a glimpse of what makes Subsea 7 a great company.

    According to Garnry, the company managed to offset revenue decline by aggressive cost-cutting, preserving its attractive operating margin. He adds that the order intake and backlog looked good despite the Q1 revenue miss.

    Garnry thinks that the stock is the best high-beta play should oil prices continue to rally in 2016.
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  • 3y
    Rafael F. Rafael F.
    Hi Peter, i really appreciate your recommendation, but i have some questions, i saw that you recently have recommended only L&S, your calls will be concentrated in...
  • Squawk / 18 December 2014 at 13:41 GMT
    Head of Equity Strategy / Saxo Bank
    European energy stocks surge 4.7% as Brent goes to $63/b...
    Read the Squawk
    Peter Garnry Peter Garnry
    As we wrote this morning there were several indicators in the US sessions that pointed on a reversal in energy stocks and as a result our tactical...
    Peter Garnry Peter Garnry
    Investors buying European energy stocks within the first five minutes of trading are up 2.4%
  • 5y
    Neon68 Neon68
    which companys are your favourite?