Yeah thats pretty close to the real issue, i noticed the big enough cheque comment also. I think there is potentially more value in Halliburton or Baker Hughes owning the company to give them competitive edge than the tool rental revenue.
If there was some 'competitive tension' in tit for tat buy out offers it could easily go to between 30 - 50m market cap within 6 months.
better update, page-12
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