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Despite excitable ‘net-zero future’ comments, I continue to avoid Wood Group

By Chris Bailey | Tuesday 24 August 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Back in June I observed about ‘British multinational engineering and consulting business’ John Wood Group (WG.) that ‘having made a small profit a few months ago, my view today is to AVOID (but keep watching)’. As for the shares since then, they have gone down a bit further to currently trade at 222p. I guess I bought more (last year) and sold all (early this year) pretty well. So any interest now?

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