WOR will def 'have a place in Iran' when oil output is ramped-up by about 1million barrels/day. But still 6 months before sanctions are likely to be lifted. Many large oil firms are lobbying Congress to not pass the resolution as additional oil will simply push POO even lower. 3 months ago anyone forecasting oil at/below would be sent to an asylum. Now it seems a real possibility.
WOR floundering. Huge redundies, disputes, no new projects etc are causing analysts to rethink the future earnings of this engineering giant. I expect divs to take a hit and outlook statement to be dire. $8.10 SP not implausible imo.
Slump in oil price hits WOR, page-25
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Last
$13.75 |
Change
-0.110(0.79%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.90 | $13.91 | $13.71 | $24.70M | 1.790M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38404 | $13.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.75 | 4310 | 1 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
