I will also be watching their quarterly earnings in 2022 very closely. The worst of the pandemic is over, so if this company can have a bright future, they should show real improvement in earnings next year. I believe the year 2022 will be the acid test for OIS.
Who knows buddy. My thesis is that oil prices will be high in the foreseeable future and service companies will finally start making money. If you have time on your hands, you should wait. I'll keep my shares until the end of 2022 minimum, maybe even end of 2023.I still believe the OFS sector will have its day. Nearly every other sector has already run since the start of the pandemic so the catch-up should take place but nobody knows when. My guess is within the next two years...
A lot of small oil stocks got beaten today. Some ended up being down 15%. I wouldn't be worried because it looks like stocks like OIS are in traders' hands right now. Daytraders are making money here. Investors aren't yet.
Hi Johnny. I couldn't find any news news either. But something is definitely brewing. Most oil stocks are deep red and besides the volume is pretty heavy too. I think we'll learn soon what it is.
Well as i suspected, Q3 earnings were no good. The management commented, however, that was mostly the effect of hurricane Ida on their operations. The number of rigs is growing slowly but steadily. Bookings are up 64%. I do hope that 2022 will be the game changing year for this stock. But no quick gains expected here
I'm still here man. WTI is hitting multi year records. What we need now is drilling activity /number of rigs to increase significantly. That means money for OIS. I have no great expectations for Q3 er but 2022-2023 should bring explosive gains for the stock.
Overreaction means nothing critical happened but the dump was huge as if the company was going under. To make matters worse, here comes this Delta variant narrative in the news.
They missed earnings narrowly. But were very close to the consensus expectations. However the stock was heavily shorted today. As a result we tanked nearly 10%
As for the coming earnings report i don't think it will be brilliant but probably in line with expectations. Oil services companies especially small ones take somewhat longer to recover. Being patient is key to making money here. I already missed out on a few opportunities in other stocks in 2020 because i sold too early. I'm not going to make the same mistake this time
I may be mistaken but it looks like high 5s - low 6s is the new bottom. The previous bottom was in November when we dipped to $2.5. So my take is that we aren't supposed to move lower unless we have extreme virus concerns including lockdowns (like the ones we had in the first half of 2020). A couple of good earnings reports can take us much higher in no time. I'm still betting on $12-15 pt by the end of the year. But you should remember this kind of stock can remain "stagnant" for months and then make ×2 in a few weeks.
Oil and gas sector hammered down because of covid fear and the slump in oil prices. This one always dips more than peers. The best remedy now is hold or better add if you have free powder left. I have none so i'm just holding. Better days will come but you must be patient
I do understand your frustration. I bought my shares last fall. Since then some oil stocks have grown ×5, 6 or even more. Now it is time for OIS to catch up
Another super red day for o&g stocks. Delta variant + OPEC mulling production increase. I believe we'll see another rally in the sector at the end of July when earnings are out. Anyways you gotta be patient with OIS. It almost certainly will run but nobody knows when exactly. My target is $15-20 and i'm sticking to it
IMO it's looking strong right now. The oild&gas sector was ******red on Thursday & Friday. Even large caps such as SLB dropped more than we did. And besides look at the volume it's impressive