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American pipeline company got cyber attacked which affects the whole of East coast distribution. It will take some time to get sorted. Oil price is rising a bit
Monitoring, doubt it but if true would be a great contrarian signal :)
So let's talk it down and the mms will spike up the price. Got it :)
Contracts - exactly what we are waiting to hear about.
I wonder if MM's are monitoring PI chats. The price seems to be marked down whenever there is optimism of the price rises. Will not be surprised it will drift down rather to rise as people expected at the end of the day
I have bought here today. I work in the contracting industry and there is a large uptick in pre FEEDs and FEEDs getting manned up across the industry which means large contracts are being worked on for bidding in the next few months. I know this from talking to agents as I enquire about new positions. All normal after a large oil price drop and recovery.
Forecasts
Year ending Profit (m) EPS P/E PEG EPS Grth. Div Yield
31 Dec 2022 $143 23.85¢ 14.60 0.60 +24.66% 9.90p 3.8%
31 Dec 2021 $100 19.51¢ 18.20 2.90 +6.31% 3.96p 1.5%
dividend resuming
MaryBr180
"Any decision to resume payment of a dividend will consider the Group's future profitability, cash requirements and focus on preserving long term value. "
That was what I read in the end of year report ..haven't heard anything further since ?
MaryBr180
I appreciate your take on this. I have a large holding but unlike you I am not getting in and out regularly. Last sell was at the 305 mark and unlike you I am not confident of a move to the 500p in teh next few years unless they come in with some big contract wins. latest press releases are good headliners but thats it (JV's, alliances etc.) - no indication of any bookable/potential revenue through them. The oil price is not having the same effect on this share as it used to have and thats partly through the success of their diversification so significant movements here are unlikely to have the impact they used to have.
I noted your comment on the dividend resuming - where did you get this info? I would be surprised (but happy!) if they reinstate the dividend this year. They have an opportunity to use it more wisely (debt reduction etc.)
Im really just trying to understand the upbeat views being expressed here when my research is not aligning with them.
No not ramping. It will be a £5 stock in the next few years as far as I can see.
I have an increasing ISA holding in WG. and have just rebought back some from yesterday's sale.
Basically it is a recovery stock and imo a once in a lifetime chance to pick up at these prices and trade relatively safely as a buy and add. The dividend is also due to resume albeit at the 4p level.
I continue to add tranches on fall and reduce on rises - got some away over 291 yesterday, just wondering when to rebuy today.
For me this one is a no brainer and I have a low average maintained by an increasing core size after each successful trade. It would need to fall significantly from here for me to be out of the money now and will continue to rack add and average while this trading range persists.
Any major dip is a buying opportunity. I just love this stock for trading and believe the future is going to be better as oil prices go through $70 $80 and spike just over $100.
Only an opinion, DYOR & GLA.
"Why posters think this will 300/350"..... ramping, ?
Not seeing this going up to 300. Its back to the old ways - market up, oil up, Wood down. Interested in why posters on this site think 300/350 is soon.
We need more upbeat news on sizeable contract wins before this does anything other than bounce up and down around the current levels of 270/280.
Nice moves over the last trading sessions. In striking distance of £3 soon.