DTI thanks I’m still looking at it
At a surface level the acquisition made sense to me as they are a major vendor so you can imagine meaningful synergies there especially given SDPI has a pretty large SG&A footprint, but yes any substantive acquisition is a big wild card.
I like that the CEO seems to have built a similar company in the past with what looks like a successful exit although I’m still trying to figure out those details.
It does look cheap and some of these
O&G related service companies have started to move e.g. PFIE. The numbers also look solid considering the companies fate is tied to rig counts in a suppressed rig count environment.
I’m OK with the small block of shares I bought, and if oil continues to rally I would bet it gets some attention, and sees a big step up from 3. Not sure if I’m buying any more or not at this point.
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