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 drops sharply EnerCom has released its latest Effective Rig Count, linking the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count dropped by 83 in December, meaning the effective rig count now stands at 2,762. This means that the new production in December would have required 2,762 rigs from January 2014[Read More…]
