AsI've said a 100x.... I don't don't see a big even bigish revival in capex eventuating. Most of the evidence points to the decrease since 3 yrs ago continuing. Ask yrself: what will spark a huge rise in capex? Trump? maybe but I'm not convinced.
Plus I don't reckon the recovery seen in most energy and commodity prices over past 13 months is sustainable. We have overproduction in many cases esp IO and LNG. I have fears for STO but don't hold a position.
Dubai's Dar Group 13.35pc stake WorleyParsons Read more: http://www.copyright link/business/cons, page-50
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