RE:Foraco presentation at Microcap RodeaoHey Frozen,
Thanks for the great intel. I always look forward to your blogs on these different driller bullboards.
OGD's Revenue was up quite a bit to $50million last quarter but the profits didn't seem to get down to the bottom line. The stock pulled back accordingly, however very low trading volumes make it so even if someone wanted to unload 20k-30k shares, there's isn't many investors to pick them up.
Do you think they will get over this 'training' and 'mobilization' hurdle and actually show some good earnings per share?
I guess the hope(plan) is if rates go up 5-10%, that extra couple $million should go to bottom line, but I assume only the new contracts get to feel that bump.
Also, maybe they state this in the report but what percent of OGD business is spot market($/meter) vs. Locked in Yearly Contract?
Thanks Frozen!
God bless you all!