"WTI $56.55 +$1.41, Brent $62.72 +$1.36, Diff -$6.17 -5c, NG $3.10 +4cWith a decent rally on Friday the falls on the week were almost negated, WTI was down 19c and Brent 79c by Friday's close which could have been worse.After all it was the IEA vs ..."
There is no company registered with the name Wood plc. Under the scheme of arrangement to acquire AFW, all the shares of AFW were transfered to John Wood Group plc in exchange for new JWG shares, thus making AFW a wholly owned subsidiary
"Wood" seems to be a brand name of the enlarged company rather than a new company.
With recent takeover of Amec Foster Wheeler, are we going to get new share certificates or are they the same as our old John Wood (Group) shares?
I know from the information we were sent that we still hold the same number of shares in the combined company but has the trading name changed and does Wood Group still exist as the over arching holding company for Wood plc?
Its just a technicality but it would be good to know?
"WTI $48.23 +16c, Brent $54.27 +43c, Diff -$6.04 +27c, NG $3.00 +5cAnother up day for crude yesterday with short-term weather related problems still to the fore, refining in Houston and the Gulf is returning, in some cases slowly, but over in ..."
"Did I make a colossal error, drawing attention to mid-cap oil & gas engineering services group Petrofac (PFC) at 650p on 23 May? Or does a further substantive drop below 350p, currently testing 450p after a latest trading update, indicate the ..."
"WTI $53.88 +48c, Brent $56.54 +36c, Diff $2.66 +25c, NG $2.77 -5cA weak dollar ahead of the Fed meeting helped in a quiet market with the US closed for President's Day. Net long positions have crept up to another high and with the data from Saudi ..."
Wood Group (John)Plc (WG..L) Announced that it won a new contract worth approximately $90 million to deliver services to one of the world's leading blue-chip international oil companies (IOC) in Iraq. The company will provide project management for an onshore facility under the three year contract, which is effective immediately
my thinking is that the oilers still have to maintain their rigs and wells so cannot understand why WG. are being consistently hammered.
"Wood Group was under pressure after Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'.
The bank said it has been a big fan of Wood Group for some time.
It noted the shares have materially outperformed the European oil services peer group over the last two years, on good cost control performance and the lower risk aspects of the company's business model."
" WOOD GROUP PLC (LSE:WG.) starts our Oil Equipment, Services & Distribution Sector week. We last looked at it back in 2014 and postulated a bottom of 620p. Unfortunately the price not only reached such a level but broke below rather ..."
I have been short for a couple of weeks - just breaking even at the moment but happy with prospects. I don't see there being anything but bad news for the oil sector for the next twelve months and though Wood's longer term contracts will shield them from much of the pain the producing companies will feel, I still expect it to revisit the lows of the 520's it saw at the beginning of the year.
Wouldn't expect there to be any takeover activity in the sector until players can see the prospect of things beginning to improve - which as I said I don't expect for a year minimum.
We are all guilty of holding too long, we think there more to come why didn't,we sell 4/5 months ago when they were £8.30. Because we thought they were going to go to£9.00 that is common mistake with almost all investors. Let's hope they will return to £8.30 soon.
Wood Group Mustang has just been awarded a massive 5 year Offshore PMC contract in Saudi Arabia that really puts the company in a prime position in the field of engineering.
It is clear that even with the drop in oil price the group still manage to offer growth potential and I believe this share will soon be back to the 730p level it reached briefly after the recent excellent trading statement.
I hope I can then continue my trading on the highs and lows around this level and really regret not selling last week where I was greedy and thought the price would climb even higher than it did.
"Despite a promising year, LSE:WG.:Wood Group has become the second oil services provider after LSE:HTG:Hunting to admit it could not give guidance for the year ahead in its full-year results. Wood and its peers have been smashed in recent months ..."
I am so relieved to see this starting tom climb again. Maybe today's rise is driven by the good news from Petrofac who have just been awarded another huge contract in Kuwait..
Their Mustang engineering division is doing quite well and certainly they are busy in Saudi Arabia so hopefully with a little more positive feeling, this will get back to the 620p range quite soon nand I can relax and continue with my "day" trading !!!!
with you 100% .... this share is destined to slip further. I'm watching BHI in the states and they're going thru the same falls despite being courted by Haliburton.
there is a total disconnect between value and price - WG. seem to be working flat out securing contracts and doing their business. The market sees none of this as it is focussed on sex-iness of technology and short termism. So it takes big cahones to stay aloof .
at this price would I be buying into WG. ? Yes ,in a heartbeat.
I cannot understand why another almost 5% drop again today. This share is up and down from the 618 to 585 level so brilliant for trading if only it was within my range.
When I bought back in at 620 I really thought this would drift upto the 635 level and would offer great trading opportunities until the oil price firmed up a little more and it went back up to the 700 level it was at.
It must be my bad luck, when I buy it goes down and when I sell it goes up !!!
Steve Knowles will retire on 1st April 2015 and Michele McNichol, currently Executive Vice President of Wood Group Mustang, will take over as the company's next Chief Executive Officer (CEO).
Not sure how this will affect the companies business but Deutsche Bank has today reiterated it's Buy Recommendation on John Wood Group PLC and Mustang are a key piece of that group.
I bought my first batch in October at £6.90 and then looked on in dismay as the oil price tumbled and along with it this share. I bought more at £5.70 which I sold at £6.28 and bought back again at £6.20 so believe this share has a lot of potential and will quite soon return to the £7.00 levels it was at in September/October.
Soo annoyed with Mr Keiller this morning. Wood Group used to be known for keeping a rather low profile but, oh no, Bob decides to get his face on Breakfast telly then that spooks the city into selling......I hope his ego is worth protecting.......and don't give me core values etc etc.....this amount of publicity is damaging.....
Jann Brown, Non Executive Director, exercised 20,000 shares in the company on the 13th October 2014 at a price of 3.33p. The Director now holds 66,579 shares.
on what basis should the director be awarded free shares worth £150,000 - the coy is badly run , share price is in fast decline and to only exist to line the pockets of these greedy individuals.. when will they recognise that this doling out freebies to themselves is shameful and questions asked why there is no shareholder mechanism to force them to return the shares.
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