RE:RE:another breakthroughOilfield services are are at full capacity thru Q1. After that, rates are going up. Lack of people in OFS is going to help keep prices high!
navajojoe wrote: PIPE's guidance will probably be conservative, as usual, but the actual Q3 numbers should give a clear picture of what the next few quarters are going to be like. And I expect that to blow some people away.
I also wonder if they haven't been accelerating their drilling to capture as much of the high condenasate/gas prices as possible this winter.
What ever the case, this remains a stock that will be $5 (minimum) in a year if oil and gas prices stay anywhere near today's level. The downside risk is about as low as you are going to find in the patch.