US ENERGY SERVICES companies (FES, BAS, KEG etc.) jack, the debt is not a problem at all. Have you ever seen the debt and the D/EBITDA and D/FFO ratios of BAS, KEG, FES etc. etc.
ALL the US-based companies of the energy services sector have much worse ratios than TID ! ALL !
This happens with the Canadian drillers too. Even T.XDC has worse ratios (D/EBITDA, D/FFO etc.) than TID and T.XDC trades at pbv=0.5 !!!!
T.TID trades at pbv=0.2 !!!
https://seekingalpha.com/article/1284721-gulfport-energy-corporation-what-shines-like-gold-may-be-hay?source=yahoo
Check out the article above...the author is very bullish on TID