Post by
FrozenInOntario on Jul 30, 2021 2:39pm
North America
Foraca just reported superb numbers for North America : 122% increase over last year (49% if you take the first half). What driller derives 80% of their numbers in NA ? And Africa is another bright spot as per the conference call. They have this Guinean contract for which they were mobilizing that should produce interesting results.
Higher drilling price, higher utilization rates.
We should see a blow out 4th quarter. A pity they will not report until september but still, this should rerate much higher in anticipation.
GLTA