rising tide does not lift all boats
ask GFS about their results the other day & the SP reaction to that.
Being an all gas driller without the right tech. doesn't account for much.
last yr. everybody was drilling shale gas because of lease requirements. This yr. we don't have that. The continuing shortage of crews for fraccing & as well as basic fuel costs will drive costs up for drillers regardless of what sector of the energy services you are in.
As David Burrows constantly says...'you have to be a price maker not a price taker' & 'be in a sector/stocks that people want'.
Right now TID is in the gunsights of analysts/money managers & as long as they perform/keep ahead in tech. & costs in control, the future looks rosy for TID; but in this game you are only as good as your next earnings report!
carlos