can Worley avoid collapse in oil price?, page-6

Couple of things to keep an eye on this week:

a) The oil price remains weak and should WTI close under $43 anytime soon it will place yet more weight on the likelihood capex remains a long way away.
b) MND have their AGM tomorrow Tuesday. They are more contruction/maintenance engineers than consulting as per WOR... but still do their fair share of design tendering. I expect the CEO's address to be bearish and we'll see if he (unlike WOR) actually attaches some figures for FY17. Expect terms such as 'challenging, margin pressure' etc to pop up. I wonder how much he will say re POO? I wanted to short MND at today's open ($10.20) but have my money tied up elsewhere. Still a short at current SP of 10.16 imo.
Takeaway: MND AGM will provide indication of wk levels in the sector and WOR shareholders should read it carefully.
c) OPEC conference in just over a fortnight. Libya determined to increase prod back to 2011 levels i.e. increase of one million brrls/day from current prod. Maybe Saudi will cave in and cut their output to compensate but don't hold yr breathe.
d) Keep eye on other commodity prices esp IO and base metals as WOR does seek wk in these fields.
e) But as per my prev 100 posts.... look for ann of contracts signed by WOR. Nothing will tell you more re how well the company is progressing.

PS. Just seen MND has leapt to $10.24/25!! dyor.