WorleyParsons (WOR) shares have plunged after it warned of falling revenues due to slumping oil prices as it reported a 7% fall in first half net profit to...

Niv Dagan

Peak Asset Management

WorleyParsons (WOR) shares have plunged after it warned of falling revenues due to slumping oil prices as it reported a 7% fall in first half net profit to $104.3 million. Since the annual general meeting in October, the significant decline in the price of crude oil has caused hydrocarbons sector customers to reconsider investment plans in the near term. On this news, PEAK ACTIVE took a short position today, as we see further downside risk to the share price short-term...... APA Group (APA) reported net profit of $467.3 million and underlying NPAT of $111.2m, and dividend payment of 17.5 cents. It upgraded FY guidance from $740m-$760m to $775m-$790m and the acquisition of the QCLNG Pipeline is expected to generate additional EBITDA within a range of $41m-$83m. We see upgrades in the stock to drive the stock higher


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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