Q4 was a big disappointment, but note the lumpiness. We do not think it is structural — late-sales will rebound in 2024. Attractive valuation for combined company: BUY, TP NOK 170 (200).
                                                
                                            
                                        
                    10 Jan 2024 
Q4 miss creates great buying opportunity
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Q4 miss creates great buying opportunity
TGS NOPEC GEOPHYSICAL CO (TGS:STO), 0 | TGS ASA (TGS:OSL), 0 | TGS Esports Inc (TGS.H:TSX), 0 | TGS Dis Ticaret AS (TGSAS.E:IST), 0    
    - Published: 
10 Jan 2024  - 
                                            
                                            
                                            Author:
                                                
John Olaisen | ABGSC Oil & Oil Services Research  - 
                                            
                                            Pages:
                                                
15  - 
                                            
                                         
Q4 was a big disappointment, but note the lumpiness. We do not think it is structural — late-sales will rebound in 2024. Attractive valuation for combined company: BUY, TP NOK 170 (200).