Acergy S.A. (ACGY)

Add a New Bulls Reason Company: Acergy S.A. (ACGY) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 0 votes edit Long term outlook remains positive, given expectations of sustained E&P activity Created when NASDAQ:ACGY was $6.09 | Edit | History 𐂃 Acergy S.A.’s (Acergy) 3Q 08 operating revenues were below our expectations primarily due to lower-than-expected revenues from the Africa & Mediterranean (AFMED) region. However, adjusted operating and net income exceeded our expectations due to lower-than-expected cost of goods sold (COGS). 𐂃 Recent turmoil in financial markets has increased concerns over weakening in the global economy and its potential impact on global hydrocarbon demand. However, despite these concerns, we believe that hydrocarbon consumption levels will be supported by demand from emerging economies like China and India, which we believe will in turn support global exploration and production (E&P) levels and demand for Acergy’s services given its working relationships with major oil and gas companies. I expect Acergy's ADR to trade at US$10.81 in next 6-12 months To view my report on the same, please click on the following link http://www.iirgroup.com/researchoracle/viewreport/show/21927 (100 character max) Cancel

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