RE:CWC Energy Services Corp. Second Quarter 2018 ResultsI'm assuming the feedback is in relation to competitive pricing?
CWC is currently experiencing continued strong utilization in our drilling rig and service rig business units. The Company expects to have nine of nine (100%) drilling rigs working in August 2018 once capital expenditure upgrades are completed on Rig #4. The Company's service rigs are anticipated to see continued strong industry demand and operate at utilization levels similar to 2017. CWC believes modest pricing increases will continue in the second half of 2018, but will be constrained by intense pricing from our competitors, which will put a cap on how high we will be able to increase our day and hourly rates.