re: Ann: Clough wins contract with Pearl Oil ...
nice contract win!
Shows the ability of Clough in winning oil n gas works - not massive revenue in terms of the FY however the key is a lot higher margins expected with these works.
I wonder how far away the Wolleebee Creek upstream LNG works is away from being awarded. This is a huge contract ($500M) that the Clough/Transfield JV is vying for and by the tone of the CEO in the FY results investor presentation, Clough are in a good position to win these works.
CLO Price at posting:
77.5¢ Sentiment: LT Buy Disclosure: Held