My broker reckons the price is still tied to the Oil price. Does not make sense to me b/c the amount of work coming from other sectors now. It is so disheartening. WOR future looks bright and steady growth. The management's responsibility is to look after the owners interests ( US). If there is no sp growth maybe the bouard shoud tie the dividend yield to the profit per share somehow? ( eg..60% profit or more?) That would align with companies like WDS (which sadly I also own. Instead we have a yearly payout of $0.25 X 2= $0.50 per share. I admit I have not analysed but I expect profit per share 5 years ago was not as much as it currently is. Does anyone know? Seems to me we are headed back to the $12.00 range of pricing....OUCH
WOR Price at posting:
$13.73 Sentiment: Hold Disclosure: Held
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