OMG x 8 !!!!!
Why anyone pays any attn to that old coot is beyond me..
You just won't see it.
There's simply far too much supply, and now there's far too much gasoline too.
Plus, we are having a warmer than normal winter so far.
Debt-laden co's like WLL cannot survive in this environment. And no one can buy them out given all their debt and such low oil prices. (They already tried that with oil at $44 and had no takers. DOH )
Correct. And the lowest-margin work comes in the early years.
Also, it replaces an existing contract, for the old system. So let's be rational and think about subtracting the existing contract revenue from the new deal to arrive at reasonable expectations for new revenue.
"Another leg up....."
Last year it was up around 10 & 11.
Last Sept & Oct it at 9 and 10.
In early Dec it was up around 7.80
"Another leg up....." what a hoot !!!! LOL !!!