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Saipem S.p.A.

CFD on the Saipem SpA (SPM.MI) stock quote.

Product Type: Stock CFD
Sector: Energy	Industry: Energy Equipment & Services
Country: Italy	Currency: EUR
Trading Hours: According to market	Measurement Unit: Shares

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Description:

SAIPEM is an Italian oil and gas industry contractor based in Milan. It offers construction and offshore and onshore drilling services. The company installs sub-sea pipelines, introduces fixed platforms, manages complete onshore construction projects, and drills for oil, mainly in Italy, Algeria, Nigeria, and the Arabian Peninsula. The company has designed and constructed several pipelines such as Blue Stream and Greenstream. The company has designed and constructed several pipelines such as Blue Stream and Greenstream.

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Interesting Facts:

The company is based in over 60 countries and has more than 46,000 workers.
The fleet number of onshore drilling rigs is approximately 110.
In April 2018, the company revealed it had been awarded several new rig contracts worth a total of nearly $200 million.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full risk warning.

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