Wood Group - why I'm chilled out despite today's share price fall

Wood Group (WG.) is having a volatile day and is down over 7% as I write. The share is still however the thick end of ten percent above its low point for the year...which goes to show you the material natural level of fluctuations in the oil services space. Still, with the oil price heading north again year-to-date I would have expected more especially - as I last recounted HERE - Wood Group has plenty of self-help scope resulting from the Amec Foster Wheeler deal of a little over a year ago...

Wood Group (#WG.) – non-core asset disposals, cash proceeds expected to be “around $28m”

Wood Group (#WG.) – return to growth in line with expectations, “outlook remains generally favourable”

Still got Wood...Group

Time to catch up with a half year update from Wood Group (WG.). As regular readers will remember, it is one of my tips of the year and last time I reviewed the stock I concluded that 'John Wood shares will have a 7 in front of them by the end of the year. I remain a buyer'. In short, I retain this view after yesterday's update.

Wood Group (#WG.) – continuing to see early signs of recovery in oil & gas market, remains on track to deliver growth in 2018

Tip of the year update: John Wood Group

Did you see Friday's AGM trading update from oil services company John Wood Group (WG.)?  Obviously I was all over it like a rash given it was one of my two tips of the year in late December and - as I noted here - a couple of months ago or so, it had a slightly sluggish start.  The better news is that after Friday's move the stock is now back to where it started the year - and I think we go higher from here.  

Wood Group (#WG.) – integration programme “ahead of schedule”, “confident of returning to growth in 2018”

Wood Group - tip of the year update

Time to check in with my favoured UK energy and related sector play Wood Group (WG.) which, some of you may recall, I named as one of my tips of the year for 2018. The rationale was basically twofold. First, higher energy prices naturally improve the environment for most corporate names servicing the sector. Meanwhile second, the company had significant self-help sourced from the synergies it could gain from its increasingly timely looking acquisition of Amec FosterWheeler. Beefing up exposure and market share as a sector is coming off the bottom is typically a good probability way to create shareholder value. So how is it getting on?

Getting Wood...Group

In recent weeks I have talked about some lunatic M&A (Cineworld's US bet, Hammerson/Intu), but today I am going to talk about some good M&A. The trouble with investment banking lunacy is that just once in a while a good deal slips in with all the dross ones - and I want to put the acquisition by Wood Group (WG.) of Amec Foster Wheeler last year into that camp.

Wood Group (#WG.) – completes acquisition of Amec Foster Wheeler (#AMFW)

Wood Group (#WG.) – remedy of majority of #AMFW ’s UK upstream oil & gas business accepted in principle by CMA

Wood Group (#WG.) – H1 “weaker than anticipated”, anticipates stronger H2 but more cautious than before

Wood Group (#WG.) – performance “weaker than anticipated”, anticipates stronger second half

Wood Group (#WG.) - recommended all-share offer for Amec Foster Wheeler (#AMFW)

Wood Group (#WG.) – 2016 oil and gas “challenging”, sees indications of modest recovery in selected markets

Wood Group Could Be One of the First to Shine on an Oil Recovery

Hello Share Smackers. You may be getting a little tired of my banging on about my expected recovery in the price of Brent crude. Never my, my vicar’s sermon on Sunday was all about the importance of ‘pestering’ if we want to be heard by the Almighty. So I’ll keep pestering you about this.

Wood Group (#WG.) – H1 adj. EPS –28%, DPS +10%, “overall outlook for 2016 remains unchanged”

Wood Group (#WG.) positive trading update: in line, double digit dividend hike on the way