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Re: None

Monday, 05/11/2015 2:03:45 AM

Monday, May 11, 2015 2:03:45 AM

Post# of 80
Due to the severity of the drilling activity decline, H&P's trading multiples are becoming not particularly meaningful (cash flow is hinged on contracted rates, and no longer reflects the spot market).

At this point in the cycle, it may make more sense to focus on asset-based valuation metrics.

Purely My Own Opinion. Do Your Own Due Diligence.

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