Increased earnings should drive-up the stock price. If this company can increase it's offshore seismic work in Brazil and is able to land new contracts the share price should increase. I believe that this company has the latest equipment in it's fleet and the expertise to increase sales for 2009 and future years'. I have held shares in this company for approx. 2 years and like you I have watched the share price continue to decrease. I intend to hold my current share position through the economic downturn largely because my belief is that this company will be able to increase it's earnings going forward. If the company was to declare dividends as a percentage of it's profits., this would also have a beneficial effect on stabilizing the share price. Good luck in your investing !!!
I'm hoping you see my note- why is this stock taking a much worse beating than other oil drilling stocks- I know they missed their earnings a while ago- but the severity of this drop is really dramatic- please help me understand- I hold shares too-