Iaminvestor's point is very obvious..... Baker Hughes has done a good job diversifying their revenues and margins through an international model. International performance up.....North American performance down. So...as mentioned the moral to that story is diversify.....large North American players need to expand internationally and Tuscany is a perfect fit for most of these companies to purchase. 41 rigs with an average age of less then 5, in South America and Africa. Hello!
I am sure Walter Dawson would discourage a sale of the company at these desperate share price levels. Management would like to get its credit house in order and then look out. However because of what I just mentioned, they may be receiving offers as we speak!