mike
metrics for this business are all ok.
debt to ebitda under 1 x , last business purchase was largely funded with equity , and was a nice bolt on.
hiring 1 rig means can drop 25% of fleet in a downdown pretty easily if required,
macro still ok, with production operations still requiring on going drilling.
financing facilities appear well structured , with room to expand if needed.
small can be beautiful.
baraka
