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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

79% of retail investor accounts lose money when trading CFDs with this provider.

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SAIPEM Stock

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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Competitors

About

History

Competitors

Saipem (SPMm.MI) is an Italian multinational company specializing in engineering, drilling, and construction in the energy sector. With a market capitalization of €2.93 billion as of August 21, 2023, it offers a range of services to the oil and gas industry, including offshore and onshore projects, pipelines, and more.

Founded in 1957 as a subsidiary of Eni, Saipem gained independence in the 1960s and rapidly expanded its capabilities. It went public in 1984 with an initial public offering on the Milan Stock Exchange. Over the years, the company has established itself as a leader in providing complex and technologically advanced solutions to the energy sector worldwide.

Saipem's stock had its highest stock price of €262.7619 in October 2018 and the lowest stock price of €0.5700 in September 2022, this indicates the volatility of the stock.

If you are a trader interested in trading the stock, you need to have an understanding of different trading strategies, depending on your strategy or goals. Some of the popular trading strategies include day trading, swing trading, copy trading, scalping trading and position trading. For instance, day trading normally involves buying and selling stocks within a single trading day. Swing trading involves holding stocks for a few days up to a few weeks.

In addition to these trading strategies, traders may also use various tools and indicators to analyze the stock, such as support and resistance trading, momentum trading, etc. Support and resistance trading for instance involves identifying the levels at which the stock price tends to fall or rise, and using this information to predict future movements.

As a trader, when making trading decisions, it is always essential to consider the competition. Saipem's competitors include:

  • Subsea 7 SA (SUBC.NO) is a global company specializing in offshore oil and gas engineering, construction, and services. With operations worldwide, Subsea 7 offers a wide range of solutions, including subsea installation, inspection, repair, and maintenance. The company plays a crucial role in the energy industry's subsea projects, contributing to the development of underwater oil and gas infrastructure.
  • ENI (ENIm.MI), officially known as Eni S.p.A., is an Italian multinational energy company. Founded in 1953, ENI is one of the world's largest publicly traded oil and gas companies. It operates across the entire energy supply chain, including exploration, production, refining, and distribution. It's actively involved in both hydrocarbon exploration and renewable energy projects.

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Swap short [[ data.swapShort ]] points
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Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

All Hassle-free, with flexible trade sizes and with zero commissions!*

  • Trade 24/5
  • Minimum margin requirements
  • No commission, only spread
  • Fractional shares available
  • Easy to use platform

*Other fees may apply.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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