Hunting shares have had a strong run in recent weeks up from lows around the 250p level. In our view this has been driven primarily by the recovery in the oil price back towards US$35/bbl and market perception that we may now have reached an inflexion point for oil services. We continue to remain bearish on the stock however, for the following reasons.
09 Feb 2016
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Hunting PLC (HTG:LON) | 333 -1.7 (-0.1%) | Mkt Cap: 548.8m
- Published:
09 Feb 2016 -
Author:
Daniel Slater, CFA -
Pages:
4
Hunting shares have had a strong run in recent weeks up from lows around the 250p level. In our view this has been driven primarily by the recovery in the oil price back towards US$35/bbl and market perception that we may now have reached an inflexion point for oil services. We continue to remain bearish on the stock however, for the following reasons.