Norwegian brokerage eyes better times for rig companies

Pareto Securities is upgrading its expectations for the rig industry and now recommends buying sector equity. Several rig companies are also confident in an improved market.

by TRINE VESTERGAARD

Norwegian brokerage Pareto Securities is taking a far more confident outlook on rig companies and has just revealed is comprehensive recommendation to buy equity in the sector, shows a statement the brokerage published Monday titled "Shaken, not Broken".

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