mmmmmm
i'm not so sure kengaikl.
Forcast ebitda (more important IMO) is up to 220m almost double last year, on a 75% utilisation and the phasing out of the gfc contracts in this half, so i would expect a 10 - 20 percent improvement here alone for the 2011 year (editda 242 - 264).
Rig utilisation was dissapointingas i was hoping for 80+ there is still good scope going into 2011.
IMHO i think we will see some consolidation at the mid $4's until next year.
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