RE: Wood group.,1 Jan 2021 07:49
HNY to all fellow Boarders here.
Bananaman2 - like you, I have sprinkled my cash into green stocks over the last 10 years and never expected for all of them to do well. Some have been very poor (XSG comes to mind - a big red on my portfolio still), others have potential (VLS) but folks at AFC/CWR/ITM have shown the way.
I see a lot of reliance on Wood - and have nothing against it. However, EQT has been collaborating with others too (currently and in the past) and DP has a background in investing, so is well placed to take this to multi bagger territory - with or without Wood.
Whilst Wood may be good, it is certainly not the only game in town.
Wood may do to EQT, what ABB has done to AFC.