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Commercial Solutions Inc CSOSF

Industrials Industrial Distribution


GREY:CSOSF - Post by User

Commercial Solutions Inc > Earnings expectations
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Comment by jd88on Aug 08, 2011 11:11am
142 Views
Post# 18916308

RE: RE: Earnings expectations

RE: RE: Earnings expectationsWhat matters to future CSA earnings is mainly rig utilization.

What matters to rig utilization is mainly the price of oil.

The key measure of the future price of oil is brent futures (WTI futures is no longer THE benchmark).

Despite all the very well-known problems in the US, EU, Japan and China, there are no open contracts with a future price below $100 as far as the eye can see:

https://quotes.tradingcharts.com/futures/quotes/SC.html

That may change, but as long as that is the case I think worries about this sector are overblown.

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