Interesting. Those 11 rigs in play for another quarter so the third quarter income should be locked away.
The talk of 85 percent utilisation has dissipated though.
Also of note, less metres but more $. Thats good.
Pretty safe to suggest it will be a good year regardless now.
Personally I prefer any profits be reinvested and debt be kept to a minimum. Well funded growth is a better option than dividends for contractors in my opinion.
SWK Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held