Oil boomer Welltec: 2015 is highly uncertain

Oil service company Welltec now notes the diving oil price. The company took a hit on revenue as well as profits, and on this background Welltec declines to speculate about the full-year 2015 result.

Photo: Copyright Welltec®

Following several years with constant growth, Welltec now notes declining activity in the company's markets, and that the oil price is finally impacting the service company. In fact, the current market is so uncertain that Welltec declines to speculate on results going forward.

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