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Epic & Msn data
Epic WSM
Time: 12:54:59
Mid Price: 574.00
Change Today: 32.00 Ascending
Change % Today: 5.90 Ascending
Fifty Two Week High: 700.00
Fifty Two Week Low: 409.00
Market Capital: 572.70
Period & price data
Period Price
Now: 574.00
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: LSE
Sector: General Financial
Epic: WSM
News: Latest news
Web Site: Wellstream Holdings PLC
Other Articles: 20-08-200902-07-200912-05-2009

Wellstream Holdings PLC

Wellstream Holdings PLC (Wellstream) is engaged in the design and manufacture of bespoke pipeline products and systems for the oil and gas industry. The Company operates in two segments: Offshore and Onshore. Offshore is engaged in the design, production and installation of unbonded pipelines for use in the offshore oil and gas industry. Onshore is engaged in the design and production of flexible unbonded pipelines for use in the onshore oil and gas industry. During the year ended December 31, 2007, Wellstream had approximately 30% of the global offshore flexible pipe market. Its portfolio includes dynamic risers, static flowlines, subsea and topside jumpers, fluid transfer lines and well service lines for use in the offshore oil and gas market. Onshore it produces FlexSteel a pipeline product.
Thursday, July 02, 2009

Wellstream trading remains in line with expectations

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Wellstream Holdings PLC (LSE: WSM) said it has delivered strong operational performance since its last trading statement in May, adding trading remains broadly in line with the board's expectations.

In a pre-close trading update ahead of reporting results for the first half to end-June 2009, it said the order backlog remains in excess of £220 million securing over 90 percent of 2009's anticipated revenues.

The designer and manufacturer of flexible risers and flowlines for the oil and gas industry added the Pyrenees project for BHP Billiton (LSE: BLT; NYSE, ASX: BHP)  is progressing well, with final pipe deliveries complete, and Seastream's offshore installation work is expected to be completed before year-end. Seastream is the group’s joint venture with Sea Trucks Group.

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