With activity picking up re natural gas production IMO the coil tubing units and lift boats will take care of them selves. The real question is that with earnings power of over $1.60/sh with current assets and selling for under $11/sh who will buy SPN and at what price. It seems like a super bargain.
Not by a long shot is there a sellout. I am pretty sure that only a portion of PMI was sold. Just the fabrication portion has been sold. The property management and other portions are still there. The fabrication business is cut throat and very difficult to show a profit for any of them. If it was a sellout, they why was the company purchased to allow SPN a better presence in the North Sea.