I am not as keen as you but the balance sheet does look nasty, they want to get that tidied up and I am sitting out until they do.
The price of oil has recovered and WOR shareprice with it, I am still preferring STO as I think that WOR needs a higher oil price (i.e. US $80 +) for those contracts to stop declining and start picking up.
At that sort of price I think the US shale oilers are in their element and can increase production dramatically. What they do is agricultural, surely not the high tech capital intensive stuff WOR deals in.
Nice price action on a down day, page-16
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Last
$13.93 |
Change
-0.010(0.07%) |
Mkt cap ! $7.346B | |||
| Open | High | Low | Value | Volume |
| $14.06 | $14.10 | $13.85 | $9.229M | 663.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 1305 | $13.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.93 | 780 | 22 |
View Market Depth
| Last trade - 15.46pm 05/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |