Tremoni and others,
Why is it that some people are talking as if WOR is an oil producer???
This is frustrating the heck out of me.
Talking about the oil price is ridiculous when it is NOT the oil price that effects WOR's balance sheet.
Can someone please correct me if I'm wrong.
75% of WOR's business is as a service provider to Oil & Gas companies so WOR receives payment from Oil & Gas companies for their services and WOR charges per contract which is locked in and not connected to the price of oil.
Oil and Gas companies receive revenue directly through Oil & Gas and the price effects them only, NOT WOR.
So why is WOR being treated as an oil producer???
Is it because people need to conduct more research?
or
am I the one that is wrong? (I don't think I am however with the amount of people linking WOR to the oil price it's starting to make me think otherwise LOL)
Tremoni and others,Why is it that some people are talking as if...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WOR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.73 |
Change
0.180(1.24%) |
Mkt cap ! $7.770B | |||
| Open | High | Low | Value | Volume |
| $14.69 | $14.82 | $14.62 | $14.00M | 951.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3309 | $14.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.74 | 1182 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WOR (ASX) Chart |