yr're right. I do live on the edge sometimes. Meanwhile oil up...

yr're right. I do live on the edge sometimes.

Meanwhile oil up 2.97% overnight. An analyst (see below) with a fairly decent record of oil forecasts sez oil will return to $100/barrel... perhaps by late 2017. Yet even at this level deep water oilfields won't be developed as too expensive. WOR need to focus on more civil engineering work and i'm sure they are tendering. Be interesting to see how well they do in solar power during the year ahead. Anything big will be announced to the market.

"Five years ago, in the article that landed me a role here at MarketWatch’s Trading Deck, I wrote there was “one general thing that changes everything for America.” That one thing was the rise in production of American oil.
Within a year of that article, once American companies started pumping oil in earnest, we saw a large runup in oil stocks XLE, +0.07% That bull market lasted until the recent oil price crash CLG7, +3.09% The oil crash, as we know, was caused by the Organization of the Petroleum Exporting Countries and Russia flooding the market with oil. Recently, they agreed to slow production to help finish the rebalancing of global oil markets.
Today, we are at the beginning of another large rally for oil stocks. There are several catalysts for this move.
The Trump administration is very pro-fossil fuel. The renewed focus on American oil will help drive oil prices higher in coming years and ease regulation on fracking.
The looming decline in global deepwater oil production, about 3 million barrels a day starting this year, will also put pressure on oil prices to rise. This production decline for the most part won’t be replaced with new deepwater megaprojects. Most projects are too expensive and have too long of a payback in an era when we eventually expect to have cheaper, longer-range electric vehicles.

http://www.marketwatch.com/story/th...why-oil-might-soon-reach-100-again-2017-01-09