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04/03/11
09:45
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Hmm, let's see....
If MCE currently has 40% market share as reported then:
66 rigs x $14 mill = $924 mill x 40% = $370 mill
Replacement market: $300 mill x 40% = $120 mill
So that's $490 mill revenue over two years or roughly $245 mill per year
MCE 2009 revenue approx $100 mill
MCE 2010 revenue approx $185 mill
So MCE 2011 revenue could be
$245 mill + current work + any increase in market share + additional rigs being built that are not yet scheduled
Holy giant flotation devices Batman!
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