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Thesis: The recent surge in oil prices and new contract wins have shifted market sentiment positively towards Subsea 7, indicating a robust recovery in offshore spending.
The bull case is simple: analysts see revenue climbing from $7.7B to $7.8B as subsea 7 secured a $1.5 billion contract for a deepwater project in brazil.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.