From Motley the fool. A clear loser from the suspension of Rosella E01 is drilling company Titan Energy Services Ltd (ASX: TTN) who had won the tender for the project. The vow by local councillors to attempt to prevent the truck carrying Titan’s rig from using local roads due to its weight was a clear indication to investors that the company was not welcome. While the company can now deploy its rig elsewhere, the tender was clearly a waste of time.
HC delivers.
AUG Price at posting:
$2.10 Sentiment: Hold Disclosure: Held