Hunting Share Discussion Threads

[admin900] 16/2/2015 14:27

Woow that was fantastic

[fozzie] 16/2/2015 14:19

Now thats a reversal.

[liam1om] 16/2/2015 14:16

Huge spike there, any notes out on this in the past hour?

[mach100] 16/2/2015 12:07

No real surprise in the update today and seems keen to temper expectations. At least the next update will now be in line with market expectations even if it is bad. I think the depressed share price might smoke out a bidder in due course. It would be a pity if HTG was taken out cheaply but some bid speculation will help to recover any lost ground.

[contrarian joe] 16/2/2015 12:05

The rapid and unexpected drop in oil prices has left all actors in the sector scratching their heads as to when and at what level prices will stabilise.
As both equity analysts’ and companies’ forecasts and business plans have been left quickly out-dated investors may be in for negative surprises, oil-field services firm Hunting said in an operational update released on Monday morning.
The group said: “The company does not believe that [analysts’] estimates should be relied upon as an accurate indicator of 2015 financial performance.”
“Equally […] given the changes in its markets, Hunting does not believe that it is appropriate at this stage to provide financial guidance for 2015.”
The company went on to warn that the full impact of the oil price decline will not be felt until the second quarter of the year, but lower levels of activity are expected as global rig counts decline.
Hence, it has begun to reduce costs across all of its operating units, including head-count reductions at the most affected divisions.
The Well Completion and Well Construction businesses are expected to be the hardest hit, management explained.
Nonetheless, Hunting concluded by saying that: “While the short term outlook for the industry remains unclear and challenged, we are also mindful of the longer term strategic growth opportunities for Hunting.”
The company’s preliminary 2014 results will be released on 5 March 2015.
As of 10:36 shares of Hunting were lower by 7.31% to 458.3p.

[fozzie] 16/2/2015 12:01

Big over reaction today here imo. What did anyone expect htg to say? Steady as she goes. 80 pts gone in two days. I'm in again at 450.

[apad] 16/2/2015 10:59

Be great if it went down to 400p again.
Mum is getting her purse out, and I suspect cm will be interestd.
apad

[admin900] 16/2/2015 10:48

Not suprised but it will recover.

[bulltradept] 16/2/2015 09:04

Cracking company, a good swipe at financial analysts this am! Only saying what every one knows about them though.

[melody9999] 16/2/2015 08:14

Dunno Lignum but as per the TU, management seem to be doing the right things in terms of reducing costs where appropriate.

[lignum] 10/2/2015 20:51

Any ideas why is this behaving like an AIM stock?

[citymohawk] 03/2/2015 09:04

Hey Apad

Unfortunately I didn't. My orders were at 380 with randomized scales down to 375 so they didn't fill. Hopefully it wont be the last chance, but hey I'm equally happy buying at 500 if profit is on the horizon.

I have FSJ on my note pad for this week thanks.

[apad] 03/2/2015 08:35

Did you get some HTG, cm?

I wish I had had more courage, but my incremental approach to building a stake has protected me in the past (except one case where I got the decimal point wrong and bought ten times more than I intended!).

I tend to agree about the political games (and the article spells this out for Saudi). The US won the cold war using money as a weapon of mass destruction and there is definitely a 'punish Putin' aspect currently. However, this takes place in a context and the expanding world is a glutton for oil that can defeat them all - it's just a matter of timing :-)
Academically, I think the debate is between $50 as a top or a bottom - but hey, that's supply and demand, but the market is controlled, not free. Hence my view that $50 is a bottom.

On that basis I have bought, or increased, POS/WEIR/HTG/PRES at $40/45 oil. FSJ/ROR didn't fall enough. I expect that when the service companies start to talk about the effect of the fall in oil and the market will have started anticipating an increase in oil price.
So, it all depends on the length of the bottom of the 'U' shaped oil graph if I am correct.
apad

[citymohawk] 02/2/2015 17:39

I trust you're not that old to know him as Abe? ;-D An interesting read though. The starting point for me is not to believe the news for any portrayed turmoil (be it Syria, Isis or arab-spring) at face value. Sadly, I refer to Saudi and USA interchangeably. I don't think there is such a thing as Saudi policy and generally the whole gulf is the yank-east.

[apad] 02/2/2015 11:31

ps
FSJ sailing into interesting waters.

[apad] 02/2/2015 11:28

Hi cm,

Check out:


Definitive article in my view (and it was written by Abe :-)

Malcy's blog is excellent.

The hedges postpone the effect

Oil just spiked up - a U shape at $50 bottom is my guess. Although there is a powerful supply and demand argument that suggest $50 as a top on a range from $20.

apad

[citymohawk] 02/2/2015 10:50

I wonder if this oil price story is more a consequence of manipulation rather than market forces at work. I'm thinking out aloud but the change in macro environment (such as china demand, opec production) has been inconsistent with oil price fall. For me it makes more sense to think that the price is manipulated to expedite the probable russia default. Royal Dutch Shell reported some $15bln worth of spending cuts and others have revealed their numbers too. Therefore, across the industry we are getting some clarity on the scale of projects being postponed/cancelled. These cuts may sound scary but the over reaction to HTG and others is (i feel) more because of trader/analysts not having enough information on the scale of cuts. This clarity is now out there so what remains is stability. How long will US keep the prices down for before Russia cave in. Therefore, we still have a high propbability of panic, some more decline in oil but i think we are here now with some good deals in Oil services.

[citymohawk] 30/1/2015 15:12

"..The issue with quotes found on the internet is that it becomes difficult to verify the authenticity.." (Abraham Lincoln)

btw - my orders are in ;)

[apad] 30/1/2015 14:18

“More than at any time in history mankind faces a crossroads.
One path leads to dispair and utter hopelessness, the other to total destruction. Let us pray we have the wisdom to choose correctly.”
Woody Allen

[apad] 30/1/2015 13:01

Malcy:
"A quiet end to the week as the crude price holds around these levels even marginally up this morning. Although the bulls are saying that we are making quite a base here I am still concerned that we might have one more tilt at the lower levels, fundamentals still make for over supply. We are at or near a six year low, particularly WTI and whilst I am sure the BH rig count will help today the EIA say that US domestic production is still at 9.2m b/d, a 31 year high."

[apad] 30/1/2015 12:57

I just bought a first tranche at 390.5 cm.

Some of the other oil service companies are showing resilience.

Prepared to double and quadruple on significant falls.

Will wait for results if it rises.

Anyroadup, I'm in after all these years!

apad

[citymohawk] 30/1/2015 12:38

Well I was hoping for 375 as per my post in December. Someone is clearly selling out whilst we have some recent major interest from ameriprise fin. We still have great brand value here and I think we're at about 4x cash (will need to remind myself on the multiple on ttm c/f). I await to see what they come out with though.

[apad] 30/1/2015 12:10

Still hanging out for 350p cm?
Remember the elastic nature of overshoots :-)
apad

[citymohawk] 30/1/2015 12:04

These were the kinda levels I expected. Now, I would consider this to be the start of the over-shoot.

[apad] 30/1/2015 11:52

MUM THINKS THIS IS VERY FUNNY:
Oil equipment & services
Market PE Yield % change
Company Price (p) value (£m) ratio (%) in 2014 Last IC view
Amec Foster Wheeler 815 3,163 9.9 5.3 -22.7 Hold, 1,056p, 8 Aug 2014
Hunting 470 698 7.9 3.8 -41.4 Hold, 917p, 28 Aug 2014
John Wood Group 569 2,143 8.8 2.5 -14.5 Hold, 785p, 19 Aug 2014
Petrofac 656 2,267 6.9 6.0 -47.5 Hold, 1,120p, 27 Aug 2015