RE: January 2013 Presentaiont Debt is not bad considering the number of rigs and how new many of them are. Considering that most of the assets were acquired using private placements and issuing shares when the SP was much higher prices, I'm not usrpised that P/B is about 0.2.
Need to increase utilization rates. The bones are there -IF the utilization increases, profits will come and we will see exponential returns.
Great risk/reward!