Mexico is about to open up their oil industry to foreign firms. Offshore drillers will get many new contracts and see their utilization rates climb! New cycle about to start offshore in Sea of Cortez, Gulf of Mexico, and the Pacific Ocean off Baja........FWIW
I also went back in today; I think the down draft in the last few days is overdone since it is caused by "analysts" being disappointed by not going into MLP or increasing dividend.
What happened to analyzing the company business or this is too much to ask from "analysts" ?
Also we hit today a support uptrend line existing for more than a year.