RE:tough Q1 for PSDYes. The only thing good about it is that even with those sales numbers PSD still had positive cash flow and also have a pretty nice cash balance to pay some extra dividends later.
I was a little surprised that we are not seeing a pick up in drilling interest. I can't believe all the Canadian oil and gas producers still believe they can run actually run a successful energy company by just paying dividends to their shareholders and buying back stock. At some point in time I have to imagine that actually producing more oil and gas will start to factor into their business plans.