Shares to Watch WorleyParsons (WOR)


WorleyParsons (WOR) provides professional engineering and management services to the energy, resource and complex process industries.

WOR will be one of the shares to watch in coming months, as there is a good possibility its earnings are being negatively impacted by the stronger Australian dollar.

It offers a broad scope of services, from feasibility studies to design and project services.

On 13 October, WOR announced the award of a contract extension from ExxonMobil to provide engineering and project delivery services in Nigeria.

The project, scheduled to be delivered over the next four years, will involve the delivery of new unmanned wellhead platforms, 78 kilometres of pipelines, risers and associated brownfield tie-ins.

WOR shares dropped almost 2% on the day, whilst the share market fell 1.7%.