The energy industry’s ongoing attempts to reverse underinvestment seen during the Covid years is a very welcome development for oilfield services (OFS) and engineering firms. Elevated natural gas and oil prices accompanied by a rise in energy transition projects in 2023 have seen their order books bounce back from the dark days of 2020-2021.
London-listed Hunting plc (LON:HTG) is no exception to this sector-wide reversal in fortune. Except that its boss has set about banking on the latest cyclical upswing to take his 150-year-old global engineering group to transformative business horizons it hasn’t explored to scale before.
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