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Wood Group is “picking where to play”

By Chris Bailey | Thursday 13 July 2023


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


You know already that over the last eight months or so, I have bought a bunch of shares in Wood Group (WG.), sold most of them after a private equity bid, and then bought them all back after the bidder chose to walk away. We will see whether this is smart or not over time, but I have made more than a few quid so far this year on it and I reckon there is a good chance I might make a few more quid over the next year or so. As always, we shall see but what did this “one of the world’s leading consulting and engineering companies operating across Energy and Materials markets” say in a trading update today?

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