ABGSC Oil conference seminar in London

Yesterday’s Oil Service conference in London was a big success, with 13 companies presenting and 91 registered investors in attendance. The companies reported greater interest in 1-1 investor meetings than in the past two years. The market is still demanding, and 6 of the 13 companies have restructured their balance sheet in some way. Nevertheless, the increasing oil price means that most of the companies gave a more optimistic outlook than before.
John Olaisen, Co-head of Equity Research, and Lukas Daul, analyst, were among those representing ABGSC at the conference