Overnight POO dropped yet again this time by 2.7%! WTI now under $44. Past 3 months has seen oil (WTI) stuck between $40-$50 apart from a few days in late June (see link below).
Most oil producers are losing money selling crude at $44 and have no finance to build new hydrocarbon facilities. LNG situation even worse. Hydrocarbon CAPEX is main source of revenue for WOR's 24,500 consulting engineers. Without new projects they have nothing to do except compile tenders for the few jobs that are around. Even then the competition ensures any contracts won have very tight margins. Until oil goes above $65 and stays there for 6 months the macro for companies like WOR remains bleak. dyor.
Overnight POO dropped yet again this time by 2.7%! WTI now under...
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
