Hunting on track in 2012
Hunting, the FTSE 250 energy services company, said trading so far in 2012 had been in line with expectations.
Hunting, the FTSE 250 energy services company, said trading so far in 2012 had been in line with expectations.
In comments released ahead of the company's AGM on Wednesday, Chairman Richard Hunting said many of the group's businesses were benefitting from current momentum in the energy industry.
"Overall, the company has a strong balance sheet and there has been no significant change to the financial position of the Group since the publication of the results for the year ended 31 December 2011," he said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In well construction, Hunting's US Manufacturing business reported strong shale related activity, while its drilling tools platform continued to perform well, albeit with the Canada business showing a seasonal slowing in momentum.
The firm's well construction division would also be aided by recovery in activity in the Gulf Of Mexico, the Chairman said.
Hunting's Advanced Manufacturing Group was trading well and this was reflected by a good order book, he added.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published