WOR 3.61% $14.17 worley limited

Slump in oil price hits WOR, page-7

  1. DSD
    15,757 Posts.
    Now there's a piece on the DJ newswire saying '
    DJ. "Same Woes Facing Technip May Nip WorleyParsons"-- Market Talk.

    But can't find the full story. WOR are oil&gas specialist consulting engineers. With energy prices collapsing it's hard to see where any new wk will come from. Plus huge amounts of litigation face contractors on Aussie LNG projects according to SMH 2 days ago.

    MS sector in severe squeeze re margins on current wk plus very little prospect of new projects anytime soon. Avoid imo.
 
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