Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting - Record order book driving shares to highs

May 2024

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:
  • 356p
The shares have jumped to a post-Pandemic high of 356p as Middle East tensions heat up crude prices, while results were slightly ahead of expectations even after the multiple upgrades during 2023. Revenues rose 19% year-on-year with strong international global oil and gas activity offsetting slowdown in the US onshore market. The swing factor was OCTG (durable steel pipes that go down the well shaft to facilitate deep water oil drilling in hostile environments), which grew 53% to US$396m, beating forecasts by 5%. The legacy perforating systems business (Titan), which supply the perforating guns to shoot holes in the well shaft casing as part of the fracking process, declined 3% to US$244m. The smaller subsea and advanced manufacturing di ...

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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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