Interesting to note that Goldman Sachs downgraded global equities this am and upgraded commodities, including oil, going forward. This is consistent with its opinion announced earlier this week that the glut and oversupply of oil worldwide is over and headed back the other direction due to Nigeria and other factors.
Don't know that this will do much, if anything, short term to turn the energy and oil services industry in Texas around any time soon, but it does appear that the days of oil in the $26 - $38 range are likely over. But, probably too little too late for STWS and other smaller companies who were hit hard by the downturn in that area of the business. Sounds like STWS has little to nothing going in that area any more. But, let's hope that there can be some sort of future business or resumption of contracts there to compliment and help support the water business, assuming they work through the current issues and probelmatic situation.
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