EPOKY - Weir's Strong Mining Business Holding Up Well But Exiting Oil & Gas Could Take Time

This is a bad time to have exposure to oil and gas capex, and fracking machinery in particular, as the vast majority of the North American fleet is idle and there’s really no demand for either new equipment or aftermarket parts. It’s not such a terrible time to be in the mining equipment business, though, and Weir Group’s (OTCPK:WEGRY) (WEIR.LN) strong aftermarket-driven business has held up quite well during this downturn.

Although I was already expecting a weaker outlook for oil/gas when I last wrote about the company, I wasn’t expecting

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