"Hopefully it means we can set our price for the service required. If delayed until a recovery it could get more expensive as companies will compete for the limited services."
True story, Mr. H...
But the sooner the JV locks-in those contracts (yes, presumably at more favorable rates), the sooner FAR must meet cash calls...
Somewhat of a two-edged sword, perhaps.
We would want the timing to be near-perfect, which would be in a rather narrow temporal window, I would think...
POO up, in order to increase our borrowing power, but oilfield crews still not completely contracted...
And we are neither the operator, nor a majority partner... we do not hold a particularly strong hand, unfortunately.
I hope you, Mrs. H., and the Little Hustlers are all well.
-walk
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Price($) | Vol. | No. |
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