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Wood - WG

FredBloggs
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Wood - WG

#132516

Postby FredBloggs » April 16th, 2018, 12:39 pm

Anyone tempted to take a nibble and buy a few Wood shares? Down about 7.00p today. At around a seven year low and going ex dividend in a couple of days time. Oil is looking solid around the USD 65 to 70 mark and there are loads of big projects in the pipeline in Wood's core business. They recently bagged a huge FEED job in KSA for Aramco/Sabic. Factoring in the likely sale of the unwanted (I understand) Nuclear business that they inherited from AMFW and I can see value here.

Thoughts?

MartynC27
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Re: Wood - WG

#132691

Postby MartynC27 » April 16th, 2018, 11:34 pm

Don't know about the shares but if Wood are doing that well I may apply for a contract job with them ! (I am an ex BT engineer who has been working as a Ltd Co contractor) The Oil & Gas industry in the UK has been pretty quiet the last few years.

mearnsfool
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Re: Wood - WG

#132915

Postby mearnsfool » April 17th, 2018, 7:50 pm

Aberdeen is still very quiet, OK, a few people are getting jobs back but three well known eating houses in Aberdeen are closing this month due to lack of custom one that has been there for over 30 years.

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Re: Wood - WG

#132916

Postby youfoolishboy » April 17th, 2018, 7:53 pm

Why are Wood group trading so low when oil is so high is the question I would ask. PFC is soaring on rising oil price. From what I am seeing by the way a lot of work is being won by Technip in Paris, had an agent contact me today about that, they have won 3 big ones including BP Tortoga (spelling) which KBR were confident of winning. The rate was fine as well so they have not bought the job.

dspp
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Re: Wood - WG

#132927

Postby dspp » April 17th, 2018, 9:25 pm

mearnsfool wrote:Aberdeen is still very quiet, OK, a few people are getting jobs back but three well known eating houses in Aberdeen are closing this month due to lack of custom one that has been there for over 30 years.


Which one if I may ask please ? And is the Silver Darling still there ?

regards, dspp

StepOne
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Re: Wood - WG

#133026

Postby StepOne » April 18th, 2018, 1:09 pm

dspp wrote:
mearnsfool wrote:Aberdeen is still very quiet, OK, a few people are getting jobs back but three well known eating houses in Aberdeen are closing this month due to lack of custom one that has been there for over 30 years.


Which one if I may ask please ? And is the Silver Darling still there ?

regards, dspp


I don't know what others mearnsfool is talking about but when I was back in Aberdeen last week , the Albyn was in the papers for closing its doors, after 13 years according to the papers although I remember the Albyn from the 80s.... Silver Darling was still there last time I looked - I had friends who lived practically next door to it on Pocra Quay when I was a student, although they tended to frequent the Fittie Bar :-)


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