Pareto med kursmål 75kr
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Arctic har kursmål 80kr både de og Pareto var tilretteleggere
ABG 75kr
DNB 80kr
Flyttet litt fortjeneste på Dofg/Reach over i paratus nå, greit å fordele innsatsen litt og liker utbytteutsiktene. Oppside i ratene på riggene i Mexico på mellomlang sikt, på litt lengre kan plsvene dra ennå mer på i Brasil tror jeg.
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Har tolket det som når plsvene går på nye rater fra våren av så er hele flåten på 280k rater?
200k over breakeven
Spennende
Jack up er også spennende, og håper de ratene flytter seg oppover og oppover
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Archer Limited: Archer secures contract worth USD 40 million in Brazil
Hamilton Bermuda, (July 24, 2024)
…
Vis børsmeldingen
Archer has been awarded a two-year contract for platform drilling services for
Equinor in Brazil. The estimated firm contract value is USD 40 million. The
contract will commence in November 2024 in direct continuation of Archer’s
current contract for drilling operations and maintenance on Equinor’s Peregrino
A & B platforms and includes an optional two-year extension period.
Alexander Olsson, EVP Platform Operations comments:
''We are proud that Equinor has chosen to continue their relationship with
Archer in Brazil where we have been the partner of choice since the start of
drilling operations in 2008. This contract reflects our client’s confidence in
our ability to maintain safe and efficient operations across both their
platforms. It is testament to the hard work and dedication of our teams who have
supported both the Peregrino A & B assets for over fifteen years. This contract
is an important part of Archer’s strategy to increase and strengthen operations
in key regions and gives us visibility to continue our international growth".
Borr med kruttsterk rate i Brasil. Lover godt for de to nye signeringen til Paratus neste år. De har vel to jackup som skal over på ny kontrakt. Spennende
Er det noen som har status på rate/kontrakt på alle jackupåene til plsv?
Usikker, har bare funnet marked indexed.
Titanaia FE har 142
Denne skal på ny kontrakt april 25
Deretter Oberon october 25
Sikket mulig å finne ved å grave dypt i dokumentasjonen fra dem
Hamilton, Bermuda, September 5, 2024 – Paratus Energy Services Ltd. (the “Company”) announces that a Special General Meeting of Shareholders was held today at 09:00 (local time), at 4th Floor, Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton, Bermuda.
The following proposal, as set out in the Notice attached to the stock exchange announcement published on 20 August 2024, was approved by the Company’s shareholders at the Special General Meeting:
To reduce the Company’s Share Premium account from US$157,994,017 to US$2,994,017 by the transfer of US$155,000,000 of the Share Premium account to the Company’s Contributed Surplus account with effect on or around 5 September 2024.
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
Hamilton, Bermuda, 10 September 2024 – Paratus Energy Services Ltd. (ticker “PLSV”) (“Paratus” or the “Company”) today reported operational and financial results for the second quarter of 2024, including management reporting highlighted by $124 million in revenues and $70 million in adjusted EBITDA. Net profit increased to $34 million, up from $10 million from the previous quarter, driven by strong operational performance. At quarter-end, the Group held $246 million in cash deposits and reduced its net debt to $518 million.
Paratus intends to return a majority of its excess free cash flows to shareholders, through stable, long-term and sustainable distributions or share repurchases, subject to allowance under existing debt indentures, applicable securities legislation and Board review. On the back of solid results, a robust balance sheet and outlook, the Board of Directors has on 9 September 2024 authorized a cash distribution to shareholders of $0.22 per share. Additionally, the Board of Directors has approved a share repurchase mandate to acquire shares for an amount of up to $100 million which will provide the Company with flexibility to repurchase shares in the open market. Any share repurchase programs will be announced separately and may be suspended or discontinued at any time.
“Our solid operational performance, and corresponding strong cash flow enables us to take this important step in announcing our first cash distribution” said Robert Jensen, CEO of Paratus. “This step underscores our confidence in the company’s financial strengths and reinforces our commitment to returning capital to our shareholders.”
In the second quarter 2024, the Company strengthened its capital structure through raising a new five-year bond to partially refinance the 2026 notes and raising $75 million of gross proceeds in connection with a successful listing on the Euronext Growth Oslo. Both issuances attracted strong investor demand and were significantly oversubscribed.
Key highlights post-quarter developments
• Successfully listed on the Euronext Growth Oslo
• Successful placement of 15.3 million new shares, raising gross proceeds of $75 million
• Successful placement of a new $500 million five-year bonds, partially refinancing 2026 notes post-Q2 2024 and extending majority of maturities to 2029
• Delivered Group revenues of $124 million and adjusted EBITDA of $70 million on strong operational performance
• Exited the quarter with a Group cash balance of $246 million and $518 million in net debt
• Increased Seagems backlog with an additional ~$1.8bn from three-year contracts for each of the JV’s six vessels and further secured extensions for the Rubi and Esmeralda post-Q2, increasing the backlog by another ~$74 million combined
• The Board of Directors authorized a cash distribution to shareholder of $0.22 per share and approved a share repurchase mandate to acquire shares for an amount of up to $100 million
Fontis
The Company’s wholly owned subsidiary, Fontis, generated revenues of $72 million, marking a 30% increase from the previous quarter driven mainly by the recognition of $15 million of revenue from previously unbilled services, and higher dayrates following market indexation in February 2024. Fontis achieved an average contractual rate of $126.7 thousand per day, from $118.1 thousand per day in the previous quarter and an average technical utilization of 99.8% (Q1 2024: 99.6%) and closed the quarter with a contract backlog of $369 million.
During the quarter, Fontis collected $90 million of receivables from its key client in Mexico ($16 million in Q1 2024). The Company notes that the collection from the client may continue to fluctuate going forward.
Seagems JV
The Company’s 50% stake in the Seagems JV contributed $52 million in revenues and $28 million in adjusted EBITDA, remaining steady compared to the previous quarter. The JV achieved an average contractual rate of $200.8 thousand per day and improved its technical utilization to 99.3%, up from 98.7% in Q1 2024.
During first half of 2024, Seagems distributed $34 million to Paratus, pursuant to agreed plan amongst the JV shareholders.
Furthermore, in the second quarter the Company announced new contracts for its entire fleet of six multipurpose pipe-laying support vessels through a competitive Petrobras tender process, adding approximately $1.8 billion to the backlog.
Following end of Q2 2024, Seagems secured extensions for the vessels Rubi and Esmeralda, increasing the JV’s backlog by approximately $74 million. The Rubi will continue operations for Petrobras for an additional 235 days, adding $62 million to the backlog, while the Esmeralda’s new commitment comprise a 60-day extension with Petrobras, adding $12 million in backlog. Both vessels will commence and complete these new commitments prior to starting the new three-year contracts awarded by Petrobras earlier this year.
Note: Numbers above are based on management reporting
@pdx kobling newsweb?
Presentasjon fra Paretokonferansen:
Norges beste utbytteaksje i årene som kommer?
Pareto Energy Conference Presentation September 2024.pdf (3,4 MB)
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Heftig å se rateøkningene på plsvene i 25
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https://newsweb.oslobors.no/message/628445
Stort kjøp
@pdx vi har ikke kobling til newsweb her altså 
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Skal være i orden nå
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