Wood Group (john) Share Discussion Threads

[attrader] 19/1/2011 20:03

looks dead at the moment. Any one in this ?

[chester] 11/1/2011 09:02

Up Up she goes...

[philo124] 04/1/2011 16:57

Sold 40% of my holding this am. fwiw.

[saget] 04/1/2011 11:09

WOOD DEAL SIGNALS KNOCK ON EFFECT FOR OIL SECTOR
The oil field services sector is always vulnerable to a wide range of risks.

Tuesday January 4,2011
By Henk Potts
Have your say(0)
WOOD Group provides products and services to the oil and gas sectors globally. This includes engineering facilities for oil and gas customers, well support solutions for recovery and extraction, and gas turbine services.
During December it announced it would buy PSN, an energy services provider, for $955million. PSN should be a good strategic fit and helps to maintain Wood Group's strategy of striking a balance between oil and gas development and later-cycle production support activities. It should also allow the group to expand geographically and should add to the group's cash flow and earnings.
This has not been the only recent merger in the oil fields services sector, with the US firm GE also recently announcing its acquisition of Wellstream. These purchases are likely to improve investors' sentiment towards the oil fields services sector, with M&A reducing the number of investable names on the market. More M&A looks likely to be a key theme for 2011.
We believe that 2010 will have been a trough year for oil field services firms and that growth in capital expenditure and contract awards will accelerate. Wood Group is already doing well, its shares have outperformed the overall UK market and the UK energy sector by more than 70 per cent and 80 per cent respectively, over the past 12 months, and we believe they have further to go.
We have lifted our earnings forecasts for Wood Group to include the contribution from PSN from mid-2011. We reckon that a fair value for the firm would be 646p, which points to a total possible return of around 20 per cent from current levels.
Remember that the oil field services sector is always vulnerable to a wide range of risks. Cost overruns or delays on individual projects can also impact earnings. The value of an investment here can certainly go down as well as up.
HENK POTTS, investment analyst at Barclays Wealth, shares his knowledge.
For further information please see www.stockbrokers.barclays.co.uk

[philo124] 03/1/2011 08:19

Please, anybody have the consensus EPS dor 2012? TIA.

[philo124] 02/1/2011 20:47

Happy New Year to ALL particularly those that held through the dark and dismal
2008/2009.

[jack parlabane] 13/12/2010 08:50

You can kiss goodbye to any chance of 477 now I reckon!!!

Two nice pieces of news this morning.

[dick grasso] 09/12/2010 21:12

CR...my thinking is, if you can buy between 4.69 & 4.77 that would be an ideal buy price! i do hope we get oppertunity tomorrow morning!

[cockneyrebel] 09/12/2010 20:35

Cheers

CR

[philo124] 09/12/2010 19:38

their was a 550p target set 2days ago by one broker; 600p possible in my opinion.

[cockneyrebel] 09/12/2010 18:54

If you get a bar chart and draw a line up the recent lows this is a lovely buy point here - take a look.

484p would probably be perfect if you se it - and a trasding statement a week today to give them a real bott up the but.

CR

[beckaroo] 09/12/2010 16:44

Another contract

HOUSTON, December 9, 2010 - Wood Group's Alliance Engineering has been selected by EPC contractor Daewoo Shipping and Marine Engineering (DSME) to provide jacket and topsides engineering and design for Chevron's South Nemba Auxiliary (SNX) project. The SNX project is located offshore West Africa in
Angola's Nemba field, in water approximately 380 feet deep.
The SNX project consists of an un-manned, four-pile jacket, multi-deck facility that will be bridge-connected to the SNA Platform. The SNX platform will include a flare boom, helideck, oil processing train, gas compression and dehydration equipment, electrical power generation, and other associated equipment. The oil processing train includes a 2-phase IP separator, a 3-phase LP separator and an oil degasser; compression equipment includes a surge gas compressor and an intermediate pressure (IP) compressor.
"Alliance looks forward to working with DSME on the SNX project," said Edmund Lunde, president of Alliance. "Our experience and expertise in offshore structures and facilities design will be a great asset to Chevron on this important Angolan project, and we appreciate the opportunity to demonstrate our capabilities once again.

[montyville2] 09/12/2010 13:09

Latest IMS have reiterated managements view "in line with expectations line". Profits at HY at $122.6m - do you think that they would expect better in second half? Oredr book should definitely have improved so would expect forecasts at least to be higher IMO.

Any views?

[philo124] 07/12/2010 08:15

Yep Great! Been holding a long time.

[cockneyrebel] 07/12/2010 08:10

Nice contract win, worth 10% of annual sales.

CR

[cockneyrebel] 06/12/2010 14:24

Breakout confirming on the chart.

Thriough the 2008 high.

CR

[cockneyrebel] 06/12/2010 10:14

Trading statement on the 16th - looks like these could have a nice breakout here to new highs ahead of that imo - especially after that recent Israeli news.

CR

[cockneyrebel] 06/12/2010 09:40

Breaking out to an all time high here - no resistance left.

CR

[philo124] 01/12/2010 16:37

Nice move; still in.

[andyh21] 17/11/2010 13:28

just weak accross the board today i guess! I think it was only picked up by the mail too as a rumour so any bid could or could not happen and is likely to take some time!

[carronhouse] 17/11/2010 13:16

why down today if a bid is perhaps coming at 5.95. turning from 4.65

[saget] 16/11/2010 11:25

Nice find and Eid Mubarak!

[sajjad017] 16/11/2010 07:29

halliburton said to be on verge for bidding for j wood group at 595p