Make your money go further for just 25p per day

Fearnley Fonds – growth potential & strong backlogs not reflected in share prices

06/06/2012

Fearnley Fonds weekly review of the offshore drilling market made the following observations

Markets and share prices of drilling companies have come off forcefully since peaks in March 2012, with the sell‐off accelerating in May.

Established large cap drilling groups are on average down 18% over the last 3 months and down 13.5% over last month

A similar trend has been observed for the main related indexes OSX and OSEBX

Brent spot price dropped from a peak of US$126/b in March to cUS$100/b currently.

Though an oil price…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More Company Insights

Bonkers Bargains: another upgrade and still a bargain

12/11/2024 · Time Finance

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Sign-up to our free email updates

SIGN UP