My thoughts on this are that negotiating power does not sit with HCD in this discussion. A deal, of any amount, with a large producer is the bigger story. Scale first. Margin follows.
About a year ago, HCD was a strong performer in a trial but that only resulted in the incumbent dropping their pants to keep the business.
whilst a positive usa trail is obviously wanted, I'm more focused on the North Sea play. Over the past few quarterlies they've stressed how much of their efforts are geared to this. That in my opinion is more likely to be the company maker
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