Under 9.50 at midday. I'm seriously thinking of overweighting the portfolio with OMNI at this price.
Apparently, as it is the only reason I can conjecture, the abundant supply of oil in the world is causing investors to believe that there will be a lesser need for oil services. My bet would be that domestic sources will still be sought and OMNI services will still be in demand as long as oil stays above $60. (Plus, there are other OMNI services that generate some rev.)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.