RE:RE:Playing with cyclicalsI think also that we are early unless the market forecast that the margins are gonna get squeezed whereby they would not be able to pass costs increases to clients. Harper did mention that margin were indeed a bit expanding in his last interview but basically rates increases were offsetted by cost increase. I guess he was talking about the 4th quarter if you listen to their forecast for 2021 during the last conference call.
What will be exciting to see : how do they set their rates in 2022 as it is currently bidding season. With customers full of cash and ready to spend, limited supply, I guess that it could shape up to be a pretty good year and 0.50 USD could be quite attainable if not exceeded.
Anyway, lets see what they annonce about Egypt (if/when)
GLTA