NEW ARTICLE: What Goldman Sachs thinks of Hunting " The oil industry has stumbled like a drunk from one disaster to the next. But while it's still too early for investors to get excited about a Santa rally, the sector does at least appear to be sobering up. And Goldman Sachs may have just handed ..."[link]
Oil services back in fashion Is that what's going on here today?Looks like greater instability is coming to the Arab world and there is renewed interest in developing home grown supplies.Would be welcome for someone who bought this at its peak and is still holding.
NEW ARTICLE: The Oil Man: Hunting, Casa, Nighthawk " WTI $41.75 -$1.18, Brent $44.06 -$1.75, Diff $2.31 -57c, NG $2.26 n/cAnother bad day at the office for oil market bulls; the prices are now well back through the longer-term moving averages and looking vulnerable to more weakness. December Brent ..."[link]
Hmm This went against the market today in a big way and against other oilies. The crude price maybe dropping but enough to justify this fall? D
Re: First look Would you like to expand? So far this year they have held a floor at around 380. Twice in fact. I don't dispute that there are big structural problems with the oil price so low but even in 2009 thry held around 340.
Re: First look longer term 12 month target 260..
Re: Takeover I wish the market would hear the same noises!!
Re: Takeover Hearing noises of an offer for HTG is ever closer. POO at these levels could mean a low ball offer of 600p??
Re: Takeover I suppose it's working out who would buy it? Schlumberger? Petrofac? Merger wth John Wood Group? Feel that 550 -600 is the medium term range at the moment. Still underwater at an average of 700.D
NEW ARTICLE: Hunting finds backing at critical level "Low oil prices may no longer be front page news, but the industry's problems haven't gone away. After clawing back over half last year's share price plunge since January - bid speculation accounts for some of that - LSE:HTG:Hunting brought ..."[link]
Re: Takeover Easy to say now, but I was within seconds of closing out at 668p..... when it spiked up the other morning."Don't be a d 1c k for a tick" so the saying goes, but I held off to see if the price moved back up over 670p.... and it's been a relentless slide since.I did top slice, and bought that part back this morning.Anyone else have any views on this?Cheers and good luck all.
Re: Takeover Hmmm. That optimism didn't seem to last very long. Disappointing.Cheers and good luck all.
Re: Takeover Peer Hunting <HTG.L> 4th top UK midcap riser, up 3.7% at 7-mth high, also in volume, building on 5.6% rise seen Monday (when FT market report flagged takeover speculation as catalyst:[link]
Re: Takeover Something seems to be up. I have been looking around this morning to try and find out what's going on, but no news?Odd.Cheers, and good luck all.
Takeover Someone must be about to launch a bid !All the best