You should keep an eye on Teekay Offshore going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case
EERC falls to 2,755 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell to 2,755 in August, continuing the decline seen last month. The drop in total EERC was due to declining efficiencies, as reported rig counts rose slightly in August. These two[Read More…]
