Replies to post #34 on Helmerich and Payne Inc (HP)

[Timothy Smith]

The activity in the East will continue to hold oil prices at a premium.

[Timothy Smith]

$HP The company's cash reserves are 4.5 times greater than its total debt (which is just $80 million). Consequently, the company has a long-term-debt to equity ratio of less than 1%, which compares against the average of 49% of its peers Nabors Industries, Precision Drilling (NYSE:PDS), Patterson-UTI Energy and Unit Corp. (NYSE:UNT).