Post by
FrozenInOntario on Nov 03, 2021 11:50am
3r quarter results
Just listened to the conference call : fully booked, demand for next year is forecasted to increase by 35% and up, lead time to get a new sophisticated rig is now 1 year and they are talking to go double shifts on the existing rigs. And while rising costs had an impact on their margins, contracts are getting negociated or renegociated in this budget season, they are not tied up in long term contracts with fixed prices.
So, shaping up to be a pretty nice 2022. When you hear a CEO laughing while saying they are fully booked, it is usually a big positive.
GLTA