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DRILLING

Hartleys dares to believe in Imdex

THE oil price slump has not dampened Hartleys' enthusiasm for West Australian onshore drilling mud supplier and downhole instrumentation company Imdex's stock, but it has forced the company to warn of a need to be "very bullish on the cycle" to justify its buy valuation.

Anthony Barich
Hartleys dares to believe in Imdex

Like pretty much every other oil and gas-related stock Imdex has taken a major hit in recent months, but Hartleys head of research Trent Barnett said investors now only need a modest cyclical recovery...

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