Post by
colourama on Nov 16, 2023 5:16pm
Breaking out of the downtrend
I wonder when people have had enough selling here - it is not unrealistic even with just running out the lone rig contract to expect the cash balance to approach current marketcap in the next few quarters (assuming no other actions taken).
Meanwhile there is the perfectly functioning Canadian rental business and Team Snubbing pulling in a small but potentially steady yearly income of a couple of million being ignored. Team Snubbing itself, which is essentially at arms length to HWO management, has a value $10million to HWO, yet seems to have been given the "management discount" by investors.