In general. Last year suckkked for the services industry. A wet spring, and the
glut of NG had rig counts down in North America.
It isn't Tuscany alone in the wilderness. US operators BHI,HAL, WFT, and SLB
were pressured. Canadian prime time companies like my favorite CFW,
is also coming off 52 week lows. Trican, Ensign, Key, Savanna, and a host
of other companies ditto the downer of 2012.
The good news? SLB, BHI, & HAL all have reported better than expected
and forecast a better year in 2013. If TID minds its P&Q's, restructures debt,
and takes advantage of this resurgence? We will benefit from the tide that
rises all ships.