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Hunting looks for foothold

The oil & gas services group is faced by a potential softening in the US onshore shale industry
Hunting looks for foothold

Hunting (HTG) has turned in a solid first half performance but clouds over the US onshore shale industry and declining oil prices mean that the trading backdrop could deteriorate through the remainder of this year. To mitigate any problems on terra firma, the oil and gas equipment specialist has been attempting to increase its exposure to offshore clients, while driving scale and expanding capabilities through acquisitions.

IC TIP: Hold at 451p

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