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How will this suspension of drilling effect earnings? Looks like we are heading to below $2.00...
Doesn't parker have like 90 rigs? this here is just 3-5 rigs... not the whole dang country.
"The Company's marketed rig fleet consists of 27 barge-drilling and workover rigs, seven offshore jackup rigs, four offshore platform rigs and 41 land rigs."That's 79 rigs, but much has been made of PKD's incursions into Khazakistan, rightly so, as that region is rich in oil reserves, and lends to PKD's profile.