OTCPK:STVMF - Post by User
Post by
jackpinesavageon Dec 11, 2014 12:43pm
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Post# 23219797
Who will come a kockin?l
Who will come a kockin?l
I have long figured there are too many oil services companies
working out of the same sandbox.
SVY is the smallest Calgary based operator in the group
including, Precision,Ensign, Trican, Calfrac and Savanna.
Savanna also has the lowest P/B of the five, and operates
in safe jurisdictions (Canada, US, Australia)
IMO Savanna is an acquistition target that would make sense
to any of the other Calgary based concerns. There is too
much capacity in the canadian oil patch. With all of them
fighting over the same slice of pie it makes sense for consolidation.