POGL - OIl and Gas Equipment12 Oct 2009 10:59
Example of the Up Tern in the Oil and Gas Equipment and Service Sector – I feel we may soon be hearing the announcement of some new Contracts from POGL too. IMHO, DYOR.
Check out this article to see the new growth:
http://thebull.com.au/articles_detail.php?id=6577
…Meanwhile, included within the ‘blue-sky’ yet to be factored into the upside of major engineering firms are opportunities within large-scale water projects. Water contributes around 10 percent of profits for Leighton, Worley Parsons, Downer EDI, Transfield Services and slightly more for United Group, and Citi expects these stocks to benefit from future desalination plants, wastewater treatments and pipeline projects.
While Leaning still believes Leighton, Downer and United Group are worth buying at current levels - on a 12 month outlook - he urges existing shareholders to maintain a core holding, while taking profits on recent gains. He recommends using the profits to lock-in exposure to contractors most likely to capitalise on the on the next round of contract awards once mineral, metal and green-fields projects are back on the table.
Leaning claims that a reacceleration of the Chinese economy, a slow reigniting of the US housing cycle, and an increase in infrastructure spending globally supports the view that commodity prices have embarked on another cyclical upswing. “Once mineral, metal and green-fields projects are back on the table; I expect four key stocks to be early bene