Credit Suisse initiates coverage of energy equipment and services providers with an Overweight...

|By:, SA News Editor

Credit Suisse initiates coverage of energy equipment and services providers with an Overweight rating, seeing projects in Brazil, Africa and the Gulf of Mexico driving a cycle of multiyear growth. The firm likes the fleet mix at top picks Rowan (RDC) and Noble (NE), believing the jackup market is under appreciated, and both companies are building out their UDW fleets.