It's in response to the Veritas call. Look at the chart as of the date of Veritas earnings announcements. Part of the problem is that Veritas reported a large drop in land revenue...so I'm sure folks took a look at that and said, 'Oh, marine is hot, land is not.'
Dawson is basically NA land, so some people are putting two and two together.
The confound is that Veritas' land revenue is down because they pulled all but one crew out of Latin America. So obviously land revenue is going to be down until those crews get turned around somewhere else. Suggest you give their call a listen.
I am a new investor in this co. To me it will appreciate because of the demand for their product and day rates will increase based on supply and demand.
the stock fluctuates more tha most and I think it is partially to the small number of shares outstanding. i have watched the bid and ask price change several times without a trade. this to me is suspect to people playing games.
I spoke to Mr. Dawson and he feels like the stock is good value(of course).He did confirm that they do have 11 land crews working.
I think other investors should call and maybe ask some good investor questions(that I failed to do), by the way the IPR person is on vacation and he is more tha happy to talk to investors.