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Industrials

SUBC

Subsea 7 SA

28lowRanked #13Held

Current positions

StrategyWeightMarket valueUnrealised P&L
AI Concentrated——Not held
AI Equal Weight7.14%71 173 NOK−1 237 NOK−1.71%
AI Momentum3.74%36 674 NOK−22 444 NOK−37.96%

Score history

11 entries
6540May 09May 13May 18May 22May 25
DateScoreRankConfidenceThesis
25. mai 20262813lowSevere -10.2% 5d drop and positioning at only 14% of its 20d range signals sharp near-term deterioration requiring caution until stabilisation.
22. mai 2026677mediumSubsea 7 holds a solid offshore services backlog with improving EBITDA margins as day-rates firm, though any further crude oil price weakness could slow new contract awards.
21. mai 2026705highSubsea 7 is well-positioned in a multi-year offshore capex upcycle with a healthy backlog and improving EBITDA margins supporting near-term price appreciation.
20. mai 2026685mediumSubsea 7 rides a multi-year offshore energy services upcycle with a strong order backlog and improving EBITDA margins, though energy price softness adds some project sanctioning risk.
18. mai 2026639mediumSubsea 7 carries a solid backlog and benefits from sustained offshore capex, but order intake timing and Brent uncertainty introduce near-term visibility risk at current valuation levels.
15. mai 2026724highSubsea 7's record backlog and strong offshore installation demand underpin earnings visibility over the next 1–4 weeks as the energy-services cycle remains robust.
14. mai 2026667mediumSubsea 7 continues to benefit from a robust offshore EPCI order backlog and strong day-rate environment, though execution risk on large projects and oil price sensitivity temper conviction.
13. mai 2026609mediumSubsea 7 enjoys a strong EPCI backlog and rising offshore-wind project activity, though near-term margin visibility is clouded by contract mix and potential Brent-driven client spending reviews.
12. mai 2026714highSubsea 7's strong order backlog, improving SURF margins, and growing renewables installation segment position it well for the 1–4 week horizon as energy capex spending remains elevated globally.
11. mai 2026713highSubsea 7 is riding a multi-year offshore installation supercycle with a record backlog, pricing power, and improving EBITDA margins as legacy low-margin contracts roll off.
9. mai 202641—Offshore services recovery underway but contract backlog conversion lumpy. Exposure to deepwater timing risk.

Trades

20 trades
DateStrategyDirectionSharesPriceNet amountRationale
25. mai 2026AI Momentumsell124318 NOK39 398 NOK

Score 28 — reducing weight (rebalance)

22. mai 2026AI Concentratedsell574324 NOK185 926 NOK

Score 67 — exited; fell below selection threshold

22. mai 2026AI Momentumsell8324 NOK2 591 NOK

Score 67 — reducing weight (rebalance)

21. mai 2026AI Concentratedbuy16342 NOK5 480 NOK

Score 70 — Subsea 7 is well-positioned in a multi-year offshore capex upcycle with a healthy backlog and improving EBITDA margins supporting near-term price appreciation.

21. mai 2026AI Momentumsell2342 NOK683 NOK

Score 70 — reducing weight (rebalance)

20. mai 2026AI Momentumbuy28346 NOK9 703 NOK

Score 68 — Subsea 7 rides a multi-year offshore energy services upcycle with a strong order backlog and improving EBITDA margins, though energy price softness adds some project sanctioning risk.

20. mai 2026AI Concentratedbuy1179 309 NOK179 398 NOK

Score 68 — Subsea 7 rides a multi-year offshore energy services upcycle with a strong order backlog and improving EBITDA margins, though energy price softness adds some project sanctioning risk.

18. mai 2026AI Momentumsell33331 NOK10 933 NOK

Score 63 — reducing weight (rebalance)

18. mai 2026AI Concentratedsell574331 NOK190 168 NOK

Score 63 — exited; fell below selection threshold

15. mai 2026AI Concentratedbuy1189 055 NOK189 150 NOK

Score 72 — Subsea 7's record backlog and strong offshore installation demand underpin earnings visibility over the next 1–4 weeks as the energy-services cycle remains robust.

15. mai 2026AI Momentumbuy19332 NOK6 314 NOK

Score 72 — Subsea 7's record backlog and strong offshore installation demand underpin earnings visibility over the next 1–4 weeks as the energy-services cycle remains robust.

14. mai 2026AI Momentumsell4310 NOK1 239 NOK

Score 66 — reducing weight (rebalance)

13. mai 2026AI Momentumbuy81305 NOK24 742 NOK

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

13. mai 2026AI Concentratedsell587316 NOK185 331 NOK

Score 60 — exited; fell below selection threshold

12. mai 2026AI Equal Weightbuy2317 NOK633 NOK

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

12. mai 2026AI Concentratedbuy5317 NOK1 583 NOK

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

11. mai 2026AI Equal Weightbuy170 077 NOK70 112 NOK

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

11. mai 2026AI Concentratedbuy1182 590 NOK182 681 NOK

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

10. mai 2026AI Momentumbuy1502 NOK502 NOK—
9. mai 2026AI Momentumbuy151 702 NOK51 728 NOK—