Christoph Aublinger
Long only, value, commodities

Petroleum Geo Services: Bad First Half-Year Gives Ideal Opportunity For Buying

The current sale off in shares of Petroleum Geo Services (OTC:PGEJF) presents a high return opportunity for investors. PGS is a Norwegian company active in offshore surveying for the oil and gas industry. Due to unfortunate business conditions in the first half of 2014, profit went down, which led to a fall in the company's stock price by more than a quarter. There is no rational reason for this, as the company is still making good money and expects EBITDA that are higher than last year. All information used in this article originate from PGS' reports for 2013 and 6M 2014. (NOK1 = $0.16)

Overview

Petroleum Geo Services offers a broad range of products related to the oil...

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