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Carnegie was one of the few brokerages that had a positive view of the Fred drilling company for a long time. Olsen Energy.
21. In March 2017, the brokerage has improved, perhaps surprising for many, the recommendation of the rigging company to "buy" from "the team" and doubled the goal of 30 kroners compared to 15 previous crowns
. and a few weeks later, the stock was just pennies from the course target of 30 NOK.
Since then, the company has risen slightly on the Oslo Stock Exchange, but Carnegie still maintained the belief in a buy recommendation. Until recently,
June 14, the brokerage chose to demote the rigging company into "team", and the course target was reduced to 10 crowns
As the previous time, the decision has gone well.
Since June 14th, the aircraft has been halved and was last traded for 5.99 NOK.
Dramatic
The slowdown has accelerated in recent days as a result of a number of non-shareholder-friendly news.
In December 2016, the company agreed with the banks a temporary easing of loan terms for a $ 2 billion credit facility entered into in June 2014 against some opposing
L & # 39; agreement with the banks was subordinated to the acceptance by the owners of the five-year bond loan FOE05.
This did not work properly.
The reconciliation of the bondholders was, of course, the most dramatic variety.
Read also: Saved from distress
66.70% of Representatives voted for the proposal, it is- to say slightly more than the two-thirds that were needed to obtain it.
Need for new capital
The temporary relief that the drilling company suffered lasted Saturday but a
The market reacted by lowering the title of 15.13% Monday and 11.80% Tuesday .
According to a message sent Wednesday evening, the company stopped paying interest and deductions for its
The company reiterated that it is in dialogue with the creditors, but that A long-term solution will require new equity and changes in the bank and bond facilities of the company, as well as
It is to ensure the position of the & # 39; 39, business in the market.
The news has further lowered the title of 11.99% Wednesday
Since the peak, the stock is now down 98.5%.
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