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93Darkhorse93on May 05, 2017 1:17pm
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Baker Hughes Rig Count up Another 6 Rigs to 703...
Baker Hughes Rig Count up Another 6 Rigs to 703... Another great week for rig count up 125% from the bottom, up 114% YoY, up 34% YTD and up 6% QTD.
Oil price retraces back to the 45 dollar level but yet rig count continues to push higher, there is going to come a point when the street realizes that the underlying value in the company correlates to rig count growth not the price of WTI oil.