WOR 0.79% $13.76 worley limited

Revenue is key but macro remains very weak, page-6

  1. DSD
    15,757 Posts.
    With Iran, Iraq, Libya, Nigeria and others stating they need to increase oil production i suspected OPEC would struggle at its meeting ending Saturday to reach consensus. Mr Mkt agrees and overnight oil (WTI) fell 4%.... in a single session! Brent dropped bit over 3%.

    Many oil fields are running at a loss and they simply don't have capital to develop new discoveries/expand current production. Hence CAPEX in hydrocarbons will remain very wek as indicated by lack of news from WOR and others in the sector.

    http://www.marketwatch.com/
 
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