Yeh didn't think there'd be any UG, BLY don't break it down but i'd be surprised if their utlisation is sub 80%. I've heard volume has been steady for UG but price still pretty flat, I'd think UG specialists like SWK would be the first to break cycle upwards on price. Anyway that's for the SWK thread I guess.
I'm not sure about that stat re most of turnover with Juniors, I'd have to go back and check the 2011&12 annual reports but as long as I've been in and out of BLY they never been in bed with juniors.
Anyway, I'm all for getting rid of rigs that will probably never be used, they're probably fully impaired too.
Positive for this is they may compete with a small % of the pie on the services side, but they are almost certainly customers on the products side.
BLY Price at posting:
9.4¢ Sentiment: Hold Disclosure: Not Held
