Merger Talk Drives up Oil Services Providers As European Markets Cling to Gains

Barbara Kollmeyer Markets Now SPM.MI SUBC.OS MarketWatch Oil Service Providers Saipem Saipem Subsea 7 Subsea 7 SEB AB Sveriges Television Swedish TV Energy Crude Oil/Natural Gas Upstream Operations Support Activities for Oil/Gas Larry Kudlow Europe North America United States Ownership Changes Acquisitions/Mergers/Shareholdings Acquisitions/Mergers Corporate Actions Corporate/Industrial News Mergers Trade/External Payments Physical Trade Economic News Content Types Factiva Filters C&E Industry News Filter I/EQS M/ENE N/CAC N/CNW N/DJN N/GENI N/IEN N/TNM N/TRD N/WER R/EU R/NME R/US SPM.MI SUBC.OS SUBCY Barrons.com Barrons Blogs Wires Stoxx Europe 600 XX:SXXP CODES_REVIEWED Europe Markets Now Markets author Barbara Kollmeyer author|Barbara Kollmeyer topicid 7274 name Barbara Kollmeyer extractedtext Barbara Kollmeyer rank 1 codetype author code barbara_kollmeyer nameformat surname_first author Barbara Kollmeyer id Barbara Kollmeyer barrons_display_brand BARMKTNOW barrons_display_brand|BARMKTNOW codetype BARRONS_DISPLAY_BRAND canbedisplaybrand true value BARMKTNOW source MANUAL status modified name Markets Now code BARMKTNOW co scsea co|scsea country NO symbol SUBC.OS codetype co displayname Subsea 7 why about extractedtext Subsea 7 source FACTIVA occurs true seoname subsea_7 name Subsea 7 orgtype public countrycode NO relevancerange low chartingsymbol STOCK/NO/XOSL/SUBC fcode scsea fullextractedtext Subsea 7 ticker NO:SUBC confidence 100 subcat com code scsea relevance 14 significance prominent onlinesignificance prominent confidencerange high exchangeisocode XOSL co saipm co|saipm country IT symbol SPM.MI codetype co displayname Saipem why occur extractedtext Saipem source FACTIVA seoname saipem_s_p_a name Saipem relevancerange low chartingsymbol STOCK/IT/XMIL/SPM fcode saipm fullextractedtext Saipem ticker SPM.MI confidence 100 subcat com code saipm relevance 25 significance passing onlinesignificance passing-mention confidencerange high exchangeisocode XMIL co svertv co|svertv fullextractedtext Sveriges Television codetype co displayname Sveriges Television confidence 100 why occur extractedtext Sveriges Television source FACTIVA subcat com code svertv relevance 25 name Sveriges Television significance passing onlinesignificance passing-mention confidencerange high relevancerange low fcode svertv co mrktwt co|mrktwt fullextractedtext MarketWatch codetype co displayname MarketWatch confidence 92 extractedtext MarketWatch source FACTIVA subcat med code mrktwt relevance 1 name MarketWatch confidencerange high relevancerange verylow fcode mrktwt co Oil Service Providers co|Oil Service Providers fullextractedtext Oil Service Providers codetype co displayname Oil Service Providers extractedtext Oil Service Providers source FACTIVA subcat com code oil_service_providers name Oil Service Providers co Swedish TV co|Swedish TV fullextractedtext Swedish TV codetype co displayname Swedish TV extractedtext Swedish TV source FACTIVA subcat med code swedish_tv name Swedish TV co SCSEA co|SCSEA symbol SUBC.OS country NO codetype co displayname Subsea 7 S.A. extractedtext Subsea 7 source MANUAL code no_subc name Subsea 7 significance prominent onlinesignificance passing-mention exchange Norway: Oslo exchangeisocode XOSL chartingsymbol STOCK/NO/XOSL/SUBC fcode SCSEA status modified co SAIPM co|SAIPM symbol SPM.MI country IT codetype co displayname Saipem S.p.A. extractedtext Saipem source MANUAL code it_spm name Saipem significance prominent onlinesignificance passing-mention exchange Italy: Milan exchangeisocode XMIL chartingsymbol STOCK/IT/XMIL/SPM fcode SAIPM status modified co SEB AB co|SEB AB codetype co displayname SEB extractedtext SEB AB source MANUAL code seb_ab name SEB AB significance prominent onlinesignificance passing-mention status modified company SUBC.OS company|SUBC.OS name Subsea 7 significance PASSING-MENTION company SPM.MI company|SPM.MI name Saipem significance PASSING-MENTION djn SUBC.OS djn|SUBC.OS codetype djn why about source FACTIVA occurs true code subc_os name SUBC.OS significance prominent onlinesignificance prominent fcode SUBC.OS djn SUBCY djn|SUBCY codetype djn why about source FACTIVA occurs true code subcy name SUBCY significance prominent onlinesignificance prominent fcode SUBCY djn SPM.MI djn|SPM.MI codetype djn why occur source FACTIVA code spm_mi name SPM.MI significance passing onlinesignificance passing-mention fcode SPM.MI djn M/ENE djn|M/ENE codetype djn name M/ENE why lineage source FACTIVA code m_ene fcode M/ENE djn I/EQS djn|I/EQS codetype djn name I/EQS why lineage source FACTIVA code i_eqs fcode I/EQS djn N/TNM djn|N/TNM codetype djn why about source FACTIVA code n_tnm name N/TNM significance prominent onlinesignificance prominent fcode N/TNM djn N/CAC djn|N/CAC codetype djn name N/CAC why lineage source FACTIVA code n_cac fcode N/CAC djn N/CNW djn|N/CNW codetype djn name N/CNW why lineage source FACTIVA code n_cnw fcode N/CNW djn N/TRD djn|N/TRD codetype djn name N/TRD why lineage source FACTIVA code n_trd fcode N/TRD djn N/GENI djn|N/GENI codetype djn name N/GENI why lineage source FACTIVA code n_geni fcode N/GENI djn N/IEN djn|N/IEN codetype djn name N/IEN why lineage source FACTIVA code n_ien fcode N/IEN djn R/US djn|R/US codetype djn why about source FACTIVA code r_us name R/US significance prominent onlinesignificance prominent fcode R/US djn R/EU djn|R/EU codetype djn why about source FACTIVA code r_eu name R/EU significance prominent onlinesignificance prominent fcode R/EU djn R/NME djn|R/NME codetype djn name R/NME why lineage source FACTIVA code r_nme fcode R/NME djn N/DJN djn|N/DJN codetype djn name N/DJN source DJN-CONTROL code n_djn value N/DJN status modified inactivebydefault true djn N/WER djn|N/WER codetype djn name N/WER source DJN-CONTROL code n_wer value N/WER status modified inactivebydefault true first_publish_headline Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains first_publish_headline|Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains flow NWREGULAR flow|NWREGULAR codetype FLOW name Wires source MANUAL value NWREGULAR code NWREGULAR status modified flow Barrons.com flow|Barrons.com codetype FLOW name Barrons.com source MANUAL value Barrons.com code online status modified name Online title Product code Barrons.com flow Barrons Blogs flow|Barrons Blogs codetype FLOW source MANUAL title Product code Barrons_Blogs name Barrons Blogs value Barrons Blogs status modified headline Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains headline|Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains in i1 in|i1 codetype in name Energy why lineage source FACTIVA code i1 fcode i1 in i13 in|i13 codetype in name Crude Oil/Natural Gas Upstream Operations why lineage source FACTIVA code i13 fcode i13 in i1300005 in|i1300005 codetype in name Support Activities for Oil/Gas why association source FACTIVA code i1300005 fcode i1300005 index Stoxx Europe 600 index|Stoxx Europe 600 symbol XX:SXXP country XX codetype index displayname STOXX Europe 600 Index extractedtext Stoxx Europe 600 source MANUAL code xx_sxxp name Stoxx Europe 600 significance prominent onlinesignificance prominent exchange STOXX exchangeisocode XSTX chartingsymbol INDEX/XX/XSTX/SXXP status modified media media-16 media|media-16 responsive layout wrap media media-1 media|media-1 media media-2 media|media-2 media media-3 media|media-3 media media-4 media|media-4 media media-5 media|media-5 media media-6 media|media-6 media media-7 media|media-7 media media-8 media|media-8 media media-9 media|media-9 media media-10 media|media-10 media media-11 media|media-11 media media-12 media|media-12 media media-13 media|media-13 media media-14 media|media-14 media media-15 media|media-15 ns cmerg ns|cmerg codetype ns why about source FACTIVA code cmerg name Mergers significance prominent onlinesignificance prominent fcode cmerg ns c181 ns|c181 codetype ns why about source FACTIVA code c181 name Acquisitions/Mergers/Shareholdings significance prominent onlinesignificance prominent fcode c181 ns e512 ns|e512 codetype ns why about source FACTIVA code e512 name Physical Trade significance prominent onlinesignificance prominent fcode e512 ns c18 ns|c18 codetype ns name Ownership Changes why lineage source FACTIVA code c18 fcode c18 ns cacqu ns|cacqu codetype ns name Acquisitions/Mergers why lineage source FACTIVA code cacqu fcode cacqu ns cactio ns|cactio codetype ns name Corporate Actions why lineage source FACTIVA code cactio fcode cactio ns ccat ns|ccat codetype ns name Corporate/Industrial News why lineage source FACTIVA code ccat fcode ccat ns e51 ns|e51 codetype ns name Trade/External Payments why lineage source FACTIVA code e51 fcode e51 ns ecat ns|ecat codetype ns name Economic News why lineage source FACTIVA code ecat fcode ecat ns ncat ns|ncat codetype ns why lineage source FACTIVA code ncat name Content Types internalsymbol true fcode ncat ns nfact ns|nfact codetype ns why lineage source FACTIVA code nfact name Factiva Filters internalsymbol true fcode nfact ns nfcpin ns|nfcpin codetype ns why lineage source FACTIVA code nfcpin name C&E Industry News Filter internalsymbol true fcode nfcpin nwchain SB505194705123685243787045860194215650474481 nwchain|SB505194705123685243787045860194215650474481 pe Larry Kudlow pe|Larry Kudlow lastname Kudlow codetype pe displayname Kudlow, Larry extractedtext Larry Kudlow source FACTIVA code larry_kudlow name Larry Kudlow firstname Larry nameformat surname_first re usa re|usa codetype re why about source FACTIVA subcat cntry code usa name United States significance prominent onlinesignificance prominent fcode usa re eurz re|eurz codetype re why about source FACTIVA subcat snr code eurz name Europe significance prominent onlinesignificance prominent fcode eurz re namz re|namz codetype re why lineage source FACTIVA subcat snr code namz name North America fcode namz relay SYND relay|SYND codetype RELAY name Syndication source EXPANDER value SYND code synd status modified statistic CODES_REVIEWED statistic|CODES_REVIEWED name CODES_REVIEWED value CODES_REVIEWED codetype STATISTIC code CODES_REVIEWED subject BARMKTS subject|BARMKTS codetype SUBJECT selectable true title Markets code BARMKTS name Markets canbedisplaysubject true ruleid BARMKTS value BARMKTS status modified subject BARMKTNOW subject|BARMKTNOW codetype SUBJECT title Markets Now code BARMKTNOW name Markets Now ruleid BARMKTNOW value BARMKTNOW canbedisplaybrand true status modified subject BAREUROPE subject|BAREUROPE codetype SUBJECT title Europe code BAREUROPE name Europe canbedisplaysubject true ruleid BAREUROPE value BAREUROPE status modified wordcount 434 wordcount|434 id facebook id|facebook news_tab_url https://www.barrons.com/articles/european-stocks-are-facing-a-weekly-loss-but-merger-talk-lifts-oil-service-providers-51573818862 AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images AFP via Getty Images Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains European Stocks Are Facing a Weekly Loss, But Merger Talk Lifts Oil Service Providers

European stock markets are clinging to gains on Friday as investors keep a close eye on trade talks between the U.S. and China.

Merger Talk Drives up Oil Services Providers As European Markets Cling to Gains

European stocks were facing a weekly loss, though optimism over global trade talks were providing some support. Merger talk for oil service providers lifted shares of Saipem and Subsea 7.

https://sebgroup.com/press/press-releases/2019/comment-regarding-sveriges-television Merger Talk Drives Up Oil Service Providers As European Markets Cling to Gains By Barbara Kollmeyer AFP via Getty Images People watch as a semi-submersible drilling rig owned by Saipem passes through the Bosporus en route to the Black Sea.

European stock markets were headed for the first weekly loss in six as investors kept a close eye on trade talks between the U.S. and China and the banking sector logged losses.

After a drop of around 0.4% on Thursday, the Stoxx Europe 600 slipped 0.1% to 403.72. The index is facing a loss of 0.4% this week, which would mark its first weekly loss in six.

Equities gained in Asia and Dow industrial futures rose after White House economic advisor Larry Kudlow said a Sino-American trade deal was close.

Shares of Norway-listed Subsea 7 rose after Bloomberg reported, citing sources, that Italy’s Saipem may be considering a combination with its oil-service rival. Shares of Saipem also rose. A spokeswoman for Subsea 7 declined to comment, while Saipem didn’t immediately respond to a request for comment from MarketWatch.

Banks were a drag on the Stoxx Europe 600. Shares of SEB sank 12% after the bank said it had been contacted by a Swedish TV channel, which said it would air a program about money laundering that will include information concerning the Swedish group.

“SEB will evaluate any information that might be shown in the TV program and will compare that with SEB’s own analyses and previously handled cases. SEB has received questions from Sveriges Television, but has no further knowledge of the content of the program,” the bank said in a statement on its website.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.