Cant see anyone using the services long term at that EBITDA, you can buy your own rig in 3 years and then effectively use it for free for the next 20 years.
If it wasn't for the gain on sale, Vysarn would have made a loss last year. All that suggests to me is that there is currently a shortage of rigs, that can change in 12-24 months and then there is suddenly atleast a $7million write down on the books. If anything its probably a good time to invest in a rig company specializing in dewatering, food for thought for Hutchy and Jimmy.
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1 | 48355 | 0.375 |
3 | 43900 | 0.370 |
1 | 9534 | 0.365 |
3 | 42888 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 16607 | 2 |
0.400 | 17991 | 1 |
0.410 | 289026 | 2 |
0.420 | 178147 | 4 |
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