Hunting Share Discussion Threads

[davidoffetc] 14/6/2007 07:53

Why is this not showing XD today?

[hawks11] 11/6/2007 09:29

Ex Divi date on 13th June, odd to see it dipping before that. I see that energy started this board back in 2003. I wish I had even heard of HTG back then. It has been a nice investment for some and I can't complain.

[dansjhall] 06/6/2007 23:55

Typical, opened this on monday, buying on the dip. Seems like the dip was
extended today!! Hopefully it will bounce tomorrow

[hectorp] 30/5/2007 18:08

In fact SDX greatly outstripped expectations, HTG remains the senior of the two companies.

[hectorp] 18/5/2007 18:37

Well, they are on the up, is all I can say.
I would want to be adding to my HTG stock very soon, I detect a positive oil sector.

[aly48] 15/5/2007 14:56

Probably best to dump SDX if that's the best they can do in the current oil services market - put all your money in HTG !!

[hectorp] 15/5/2007 13:23

SDX Sondex results today about 10% above expectations.
Keep adding , say Evo Securities.
Holding SDX and HTG.

[archieandrews] 09/5/2007 22:50

i'm very happy holding hunting, but for mark93 only you will find a wall street reporter interview with alasdair locke of abbot at

[mark93] 09/5/2007 22:20

have been with this com for some time. now moved to abbott (ABG).think this com gone to far to quick. pe too high at 20's,(abg) 16 . good luke to those who hold. may be back when price drop's

[flyfisher] 03/5/2007 09:09

25/04/07 teathers upgraded their 07 forecast to 93.7m 39.7p eps , from the tdw research pages

[hectorp] 02/5/2007 08:17

Interesting, robson, very helpful.
PErhaps Hunging will take Sondex over at some time in the year ahead. Will
depend if they think it could be synergystically useful.
SDX results are due out mid May, which Ia m looking forward to as a guide to order book etc.

[robson1974] 26/4/2007 14:46

I believe Hunting and Sondex share a common board director.

[hectorp] 26/4/2007 09:50

FT article today:
"Oil services evolves - the need to make oil fields work harder also favours specialists. That is valuable when the energy industry is stretched and must deploy resources carefully. Investors in oil services should now adopt the same approach " (summary)
- does this fit your idea of HTG?
It does fit SDX. I expect it fits both.
Good to see the sector in focus.

[rogerbridge] 26/4/2007 08:10

Well I am holiding. There will buyers waiting for any weakness.

[dr ed] 25/4/2007 17:03

Cheers njb and others. Fair comments.

[huggybear1954] 25/4/2007 15:22

Very difficult call. This company has had such a spectacular run for the past few years that even the mildest hint of caution causes this retracement. Don't see any problems longer term but a stop-loss strategy might be the way to go in the near-term.

[mirshahik] 25/4/2007 15:16

Thanks njb. Sensible approach.

[njb67] 25/4/2007 15:08

mirshalik - true but I would not pay 30x 2006 EPS for a company unless I was very confident that it was going to grow very significantly over next year or two. This is more my attitude to investment risk (I like to buy strong profitable companies on low p/e's) than a comment about Petrofac.

Hunting has grown EPS fourfold over last couple of years and may turn out to be a good long term hold. I am just a little cautious about growth prospects over next eighteen months or so and feel that at 750p the share now has more downside potential than upside. It is a great company and I will keep it on my watchlist.

[mirshahik] 25/4/2007 14:32

Petrofac is on P/E of over 30 based on 2006 figures. That makes Hunting good value in comparison. Any views on this would be appreciated.

[njb67] 25/4/2007 13:34

Sold my holding this am although had been thinking of doing so since results were announced. These contained a number of concerns for me about 2007 growth potential. Most notable were that the industry is predicted to grow in single figures (7%) but this could be constrained by equipment and staff shortages (also potentially leading to rising costs). Hunting would also suffer from increases in £/$ exchange rate as a lot of their profits are generated in the US.

Hunting are currently trading on approx 20x 2006 EPS and even if they were to grow EPS by 25% in 2007, a forward P/E of 16 looks fair value at this time.

From results.

"Manufacturing backlogs in the oil service industry extend well beyond 2007 for certain equipment and products. Deliverability may well be the only constraint to the industry for gains beyond the prevailing wisdom of a 7% growth.

Manpower availability continues to challenge management, however training
programmes have been initiated, benefit packages have been reviewed and
recruitment efforts have mitigated the problem. While currency movements will
impact the results, the capital committed in 2006 for new capacity will generate
full year benefits in 2007."

[dr ed] 25/4/2007 12:47

Anybody got any views on today's trading so far? I thought it was pretty much a given that HTG would be no more than in line with expectations, after having doubled profits 2 years running. So I'm quite surprised that this trading statement has precipitated such a gap down. Am I missing something regarding currency fluctuations that makes this company look fragile now?

[pyman] 20/4/2007 16:11

SLB earnings come in very strong and ceo statment re international and american exploration very positive looking forward. Rosegarden looking very healthy!!!

[robson1974] 17/4/2007 23:23

the Wellstream IPO could be responsible. Wellstream is also involved in deepwater OCTG and is to come to market on what looks like a racy 10x EV/EBITDA compared with Hunting on only about 8-9x.

Canadian energy stocks have also been breaking out on back of M&A

[hectorp] 16/4/2007 20:26

Great to see the strength of HTG's progress.
My little 'Sondex too is now moving up - from today, as an institution has bought overe 10% of the company shares.
Well done HTG.

[hawks11] 16/4/2007 19:08

Not a problem for me Kingmidas2. There are plenty of shares being traded and sensible recommends to be read about this company so I am happy to just hold and bide my time. This is the first day the share price has finished on level pegging instead of a steady tick upwards.