Worley Parsons stock review with Justin Braitling, CIO of Watermark Funds Management

Worley Parsons stock review with Justin Braitling, CIO of Watermark Funds Management. Braitling says that there is plenty of disappointment built into the current Worley Parsons share price. The recent February financial result has given Braitling reason to believe that things could be starting to stabilize for the Company and even if the recovery is a bit rocky the current valuation is undemanding. Braitling says Worley is well exposed to unconventional and offshore oil and gas exploration and they have some key technical competencies in these areas that provide a competitive advantage. This is a case of investing in an out of favour stock in an unloved sector. Worley Parsons is currently trading at the lowest levels in over 5 years - clearly a contrarian approach. Here is the stock review from Justin Braitling: