Turbines are popular off shore (smaller size and weight for the platforms). Larger gas engines work well there too, since the gas is usually flared anyway. Emissions are usually not a big deal unless the platforms are close to shore. Some diesels out there, mostly for emergency use. Diesel fuel storage / transport is costly. I don't see the mix changing much, while fracking will move more towards gas. CAT and CMI are dominant players as I've read.
Diesels generally are used for frack rigs (3500's, some C27's) but there is a shift to natural gas engines where local emissions regs require cleaner engines. No turbines, the load is to cyclic for a turbine to handle. Some rigs are moving to electric motors if the grid can handle it.
How often does the company release updates like this? Are the reports periodic or irregular? I am very long this stock, but want to trade a few shares and was wondering what the sheet-term drivers are. Thanks.
It' exactly what was expected, I told you last week to expect an extraordinary 20% increase over an already can't build product fast enough sales report. You guys also aren't smart enough to evaluate NA sales. 2009 sales were practically nil, it's not hard to have big % increases. Also the types of profit margins in the US, may be deceiving, Also You should know Canada and Mexico is a big % of that.