contrary to our resident chickenlittle, itsalie....
Ceiba-CEB initiated a "review of strategic options" this year and announced this morning will be acquired by Secure Energy SVCS for aboot book value. Crude and gas are headed higher, more deals on the way. HWO conf call last week, the CEO mentioned they want to focus on service rigs and/or coiled tubing in any m+a transactions. They mentioned they had been approached by some interested parties which included both public and private companies. If HWO wants to be a top 3 player in service rigs then CWC is the answer.