Big article in the West about NOD and FWD and the big contracts that will come into play in the near future. They specifically mention Chevrons Gorgon project and Gindalbies project as well. State that share price rises have in part been speculation that either company could win all or part of these contracts.
In addition the NOD MD stated an increase in tendering activity in the March quarter has occured primarily through oil and gas.
If either company (or another competitor) wins one or all of the contracts they could go ballistic. See MAH and NWH for results of big contract wins of late.
NOD Price at posting:
38.6¢ Sentiment: LT Buy Disclosure: Held
