Dave, FRD is a different kind of stock. Tubular has contributed a lot to growth, and NG/oil drill decline would obviously be a serious negative in general for this industry. But FRD is run in kind of a just-in-time way. If business drops, FRD starts cutting expenses immediately. They will also cut the dividend when there's less cash available, though to be fair dividends may be "cumulative". See the large one time dividend payment after a few quarters of paying a small dividend. Everything is JIT.