Shine at Business Square the title Saipem, which in the mid-morning gained more than 2% on the Stock Exchange, signaling itself as the most brilliant stock on the Italian list, which in the same minutes, dragged down by the decline in credit institutions, gives in 0,69%.
Two factors pushed Saipem against the trend: the increase of crude (with Brent above 50 dollars a barrel) and the maxi order in Indonesia from 1,2 billion dollars awarded last Friday to the company for the expansion of the Tangguh LNG plant in Indonesia.
The group led by Stephen Cao, in detail, obtained a contract worth 448 million dollars for the offshore part and one worth 2,43 billion for the onshore part from a consortium 30% owned by Saipem.
Banca Akros analysts are also promoting the stock: "We believe - they explain - that buying Saipem at these prices is a good opportunity to focus on the recovery of oil prices and the success of the group's restructuring strategy".
