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Hunting warns of dimmer outlook
Energy services provider Hunting closed down more than seven per cent yesterday, as it warned the short term outlook was “increasingly cautious” in its operating markets. Hunting said it was seeing a switch from natural gas to liquids drilling in its drilling tools unit, although the London-listed company added that global offshore drilling continued to improve. Despite the gloomy outlook, it says it is still trading in-line with full year forecasts.