Hunting Share Discussion Threads

[imastu pidgitaswell] 04/3/2021 09:45

Yes, I don't disagree - it's why I bought them in the first place.

Gap to 270 now filled, plus an unfilled one at c225 also a factor in my thinking. We'll see.

[flyfisher] 04/3/2021 09:35

ima, market is forward looking.
The last time wti oil was at $62 for a sustained period in 2018, earnings were in the region of 50c.
Whilst i don't expect a return to that level, current forecasts do not seem to have been updated since the start of the year and the rig count has risen sharply since then, i would expect broker forecasts for 21/22 to be upgraded after todays dial in presentation.

I hold HTG.

Thanks for mentioning POLY.

[imastu pidgitaswell] 04/3/2021 08:50

Have to say when I compare those results - and prospects - with the company I sold them for to buy into - POLY (who announced all things profit and cash generation related, including EPS, more than doubling yesterday, with a 6%+ dividend yield, now on a PE ratio of less than 8 while doubling everything):

I'm bemused. Happy to have done what I have done, even if the market doesn't see it. Yet. Still got some here, but I guess I just don't see as much of a bargain as it was, given its increase, and some of the alternatives.

So far, I'm wrong.

[robertball] 04/3/2021 08:39

I like the results. This is a nimble company

[jw330] 04/3/2021 07:41

Results look okay I think...No nasties and dividends is paid. Forward looking statement more positive than last quarter?

[imastu pidgitaswell] 03/3/2021 09:07

He went bust, didn't he? :-)

I know, I didn't want to sell, but sometimes it's a question of allocation - which one will rise faster? I was wrong so far, needless to say...

[purple11] 03/3/2021 09:01

Dont sell stocks when the sap is rising up the tree. Jesse Livermore

[purple11] 03/3/2021 09:00

Moving nicely.lot more meat on the bone to come.gla

[imastu pidgitaswell] 03/3/2021 07:57

They do indeed - slower moving than some, this one. But once set, it keeps going.

Lacking patience, and wanting to put monies elsewhere (POLY), I have sold some. Hopefully, today is payback day - it has been a bad decision so far.

Still holding some.

[imastu pidgitaswell] 03/3/2021 07:55

They do indeed - slower moving than some, this one. But once set, it keeps going.

[jw330] 03/3/2021 07:51

Good things comes to those who wait.

[hollow88] 23/2/2021 11:45

300 by the end of the week is a possibility.

[robertball] 23/2/2021 08:36

Yes. £4 here we come

[imastu pidgitaswell] 23/2/2021 08:16

It's making its move, isn't it?

Well into the gap.

[flyfisher] 23/2/2021 08:01

Broker note, We switch both Hunting and Tenaris to “buy”, as “we near the trough in the US onshore rig count and expect the downturn to result in ‘better’ shale, with lower but more sustainable growth.”
Tenaris and Hunting are our most shale exposed names within our European coverage and our prior ratings were driven by an expectation for a faster activity slowdown in the US markets than elsewhere as the oil price declined, which has largely played out. The rig count is down c.65% since the peak in March, and we see limited further downside based on our US team’s forecasts.
US shale is a shorter cycle business for oil services companies, so we expect to see a faster recovery in this market. While we still see capex pressure and low FIDs in 2021 as long-cycle investment takes more time to recover, US shale spend can rebound much faster as it did in 2017-18.
While the growth rate for shale is forecast to be modest, the high underlying decline rates mean that activity for services names should be higher just to replace existing production.
Consolidation of US operators should result in less pricing power this upturn for Tenaris and Hunting, but higher exposure to majors and larger US E&Ps should result in a more stable growth market, especially as financing continues to be tighter for smaller E&Ps.
Both Tenaris and Hunting have strong, net cash balance sheets which should strengthen during the downturn this year as working capital unwinds. They also both have strong management teams with a focus on robust balance sheets. We expect to see a bigger premium put on stronger balance sheets as the European OFS sector continues to see high leverage and refinancing risks.

We increase our Hunting PT to 340p based on 7.3x 2020-23E EBITDA.

[flyfisher] 23/2/2021 07:55

HOUSTON (Bloomberg) - Spending by the global oil industry outside the U.S. is poised to rebound later this year, according to its largest hired hands, the latest sign of growing confidence in the outlook for crude prices.

Schlumberger, the largest oil services company, posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter.
Earlier in the week, Halliburton Co. said markets outside North America may see double-digit growth in the second half of 2021, while Baker Hughes Co. predicted a modest recovery in Latin America, the North Sea and the Middle East.

“We believe this sets the stage for oil demand to recover to 2019 levels no later than 2023, or earlier,” Schlumberger Chief Executive Officer Olivier Le Peuch said in the statement. “Absent a setback in these macro assumptions, this will translate to meaningful activity increases both in North America and internationally.R21;

[purple11] 23/2/2021 07:28

poo now $66

surely this has to make its move?

[imastu pidgitaswell] 19/2/2021 15:49

Looking very good. Oil prices up, should help.

Still that gap though...

[purple11] 19/2/2021 15:43

looks like its breaking through.could be a big move coming if it does.

fingers crossed

[purple11] 19/2/2021 08:35

can it break this resistanc?.will be a nice run up if it does.

will hold them for results and see if they do it.gl

[robertball] 18/2/2021 06:55

Results in a few weeks...but fundamentals look8ng good

[imastu pidgitaswell] 15/2/2021 17:17

free stock charts from uk.advfn.com


Mmm - 270 also an issue, but after that...

[hollow88] 15/2/2021 15:55

its as predictable as they get this one... it would be good if it could push through to 260 before a start of a downward trend. I guess it all depends on how the market reacts to a company report that's due in this week, which I would expect to signs of promise in a challenging field. Despite the considerable interest in alternative fuels ATM , IMO this support business to the oil industry remains fundamentally pretty robust, and in any case moves with big oil and barrel price.

[purple11] 15/2/2021 15:52

lets hope we can break clean through 240 this time gl

[imastu pidgitaswell] 15/2/2021 14:46

Going nicely (and quickly) at 240 again.

I've noticed over the few months of holding that once a direction is set, it does tend to keep trundling - the swings take a while but tend to be consistently in the same direction until completed.

Even intraday it seems to happen too - I'm thinking it will continue up for the rest of the day, with an order being filled, most probably.

240 back to under 200 and back up to 240 is not insignificant in terms of percentage changes.