23/06/2021 - 08:03
PVD update
► PVD posted a net loss of VND103bn in 1Q21 as utilization dropped while well related services also declined.
► Brent price has advanced by +43% YTD to reach US$73pb. Surging oil prices should support day rates.
► We remain conservative on 2021 but we are strongly positive on the company’s outlook from 2022 onward.
