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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting - Supplier of down-hole products for oil wells seeing explosion in demand

March 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HTG
  • Price:
  • 767p
If the stock market consisted entirely of oil shares and the way things are going it almost feels like it does, investors would have a very positive perspective, particularly as the oil price shows no signs of abating. If anything, the recent sabre rattling over Iran’s attempt to develop nuclear armoury is likely to push the oil price even higher towards US$120/barrel. This bodes well for Hunting, which specialises in precision engineered products for the oil & gas sector.Following a major acquisition program in 2011, Hunting’s business is now primarily focused in the USA (c.70% pro-forma sales) where in particular it supplies products to exploit unconventional shale oil formations, drilling perhaps a thousand feet down to ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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