Hunting (HTG) Update suggests its still looking good but shares start to look pricey vs
Within Well Construction (2011 Revenue £327m, operating profit £41.2m) Hunting’s Drilling Tools platform has seen steady demand for its products in the reporting period. Facilities in Conroe, Latrobe and Casper commissioned in early 2011 are now established and capturing business in the major US shale plays. The newly branded Advanced Manufacturing Group, is also attracting interest. At Premium Connections, the product line continues to benefit from shale activities in the US and gathering momentum in…
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