Shares in Wood Group fall on SFO probe of Amec Foster Wheeler

Shares in Wood Group fall on SFO probe of Amec Foster Wheeler

In the case of AMEC Foster Wheeler PLC, the RSI reading has hit 29.8 - by comparison, the universe of energy stocks covered by Energy Stock Channel now has an average RSI of 48.3, the RSI of WTI Crude Oil is at 49.0, the RSI of Henry Hub Natural Gas is presently 47.5, and the 3-2-1 Crack Spread RSI is 56.2.

A spokesperson said: "Given the stage of this matter, it is not possible to estimate reliably what effect the outcome of it may have on Amec Foster Wheeler".

The takeover is expected to complete in the fourth quarter this year.

Amec stressed that it "takes its obligation to conduct business ethically very seriously and has in place a robust global anti-bribery programme, including a detailed code of conduct and anti-bribery and corruption policies" and it will?fully to co-operate with and assist the SFO?.

Alberta premier not weighing in on debate over Omar Khadr payout
During this time, Canadian officials supplied Syrian authorities with information to use during his interrogation and torture. The federal government's apology on Friday isn't about Khadr's guilt or innocence. "We also respect the fact you and Mr.

Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The average 12-month price target among brokers that have issued ratings on the stock in the previous year is GBX 569.39 ($7.38).

Oil services firm John Wood Group PLC on Wednesday acknowledged the announcement from Amec Foster Wheeler PLC that it is being investigated by the UK Serious Fraud Office.

In a stock exchange statement, the FTSE 250-listed firm said the investigation is focusing on the past use of third parties, bribery, corruption and related offences.

The company disclosed on May 23 that the SFO had said it my well commence an investigation into AMFW. Societe Generale restated a "buy" rating and set a GBX 650 ($8.42) price target on shares of Amec Foster Wheeler PLC in a report on Tuesday, March 14th. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.

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