contractor without contracts, page-9

Please keep posting if you find evidence of new WOR contracts or (as in this case) changes in the engineering macro.

Earlier you referred to increases in spending by some govts scheduled for fy17-19 for renewable energy. So far WOR hasn't announced any new contract wins.

Re shale: No doubt shale exploration and esp shale drilling/fracking is set to jump substantially. But i can't find much news specifically referring to WOR in this sector. The pipeline servicing this sector have largely been completed and drilling is dominated by Halliburton and 2 others. WOR has never drilled a well in my experience.

But as i say please post any new contracts or changes in macro.The OP on this thread reports that ONE TRILLION dollars of engineering work has been 'lost' due to crash in hydrocarbon and commodity prices. As authors state it will need a massive rise in price to make oil sand and esp deep water ventures viable again. But (imo) there is little doubt POO will rise in 2hCY17 as large deepwater wells pump less and shale only replaces about half.

disclosure: am short WOR.