Quote:
Originally Posted by Strange Brew
Got it. Some would say that with all the money that has left the industry, we are close to being at a good time to get in. No idea what the deal is with his company but there are some bargains out there. Although I understand valuations still reflect about $70 crude and that is by no means a certainty.
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Yeah, but they started this company in 2007, so they're not getting in now, they're just one of hundreds of small Oil service companies that are likely going to be devastated when all is said and done.
EDIT: Oh wait, I think you meant acquiring his company might be a bargain for someone else?