I have had a bit of a soft spot for the oil services company, Hunting plc (HTG), since 2009 when I bought it around 350p, which proved to be its post GFC low having collapsed from around 900p. By 2012 it had returned there. I have dipped my toe at around 185p having read the interims to June 30th and hope to repeat the trick...
Hello Share Pushers. With the price of oil once more rising, if only slowly, investors will be happier to own oil shares. But it might be more prudent to take advantage of the demand for the black stuff by buying into firms which are not actual producers, but instead the companies which supply oilers...
A hat tip to ShareSoc's Mark Bentley for flagging up the case of Dennis Proctor, the former CEO of oil services group Hunting (HTG), whose "retirement" is a total scandal.
Knocking oil & gas stocks and the companies related to them does not appear to be difficult in the wake of the latest gap down on the daily chart of Crude Oil, and the way that last year’s plunge for the commodity is likely to have ramifications in the industry for years to come.
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