energy services

Time for a new thread

Interesting to see WDS crash by over 60% today on downgrade and the comments that were made in market release in relation to first half...

"Infrastructure & Services and Oil & Gas divisions have disappointed".

"Agressive bid environment....reduced margins"
"Continuing delays in project commencements"

Then goes on to say similar things to NMS release that 2nd half looks more rosy and more tender activity expected.

Bottom line, most operators in the energy services sector have been hit in the first half... even Worley. Let's look forward to a brighter 2nd half!