why? if demand falls on depression in Eurozone and hard landing in US...and supply is not constrained cos OPEC doesn't act...erhm...properly (let's say in their collective interests...but maybe not in each member's ST profit maxxing interest...altogether not v free market or laudable is it?)
...looking at the 50-100 year chart, the oil price is clearly v vulnerable
Oil prices slid to fresh more-than-one-year lows Thursday as concerns about high supplies continued to pressure the market.
Both Brent, the global benchmark, and the U.S. benchmark are trading more than 20% below a recent high, meeting the definition of a bear market. Prices have slumped for nearly four months as global supplies remain ample.
Oil prices slid to fresh more-than-one-year lows Thursday as concerns about high supplies continued to pressure the market.
Both Brent, the global benchmark, and the U.S. benchmark are trading more than 20% below a recent high, meeting the definition of a bear market. Prices have slumped for nearly four months as global supplies remain ample.
come off it...the kpis looked dreadful...
...the bit about cf this half made me laugh...confusing on-going neg CF (a flow) with run down of stock (receivables)..DYOR, all
...where is the light? and if you see one, perhaps it's a run away train headed this way
Wood Group PSN Production Services continues to deliver strong growth. This is
being driven by performance in the Americas led by typically higher margin US
shale work and includes the benefit of the Elkhorn business acquired in 2013.
The North Sea business remains robust and is benefitting from service expansion
achieved with the acquisition of Pyeroy, also in 2013. Reinforcement of the
international business continues with the recent award of an EPCM contract
across Woodside's onshore and offshore assets in Australia. This adds to recent
multi-year contract awards in Papua New Guinea and Malaysia with ExxonMobil.
probably doesn't warrant a weak sell recommendation, alexia
..as you say, time will tell
,,,,let's see how the management meets these choppy waters...and how choppy the regulators/government make this space
Cairn announces that on 7 October 2014, Ian Watt, Regional Director (North Atlantic & Mediterranean), sold 30,000 Ordinary Shares of 231/169 pence each in the Company at a price of £1.986 per share.