While the prices of crude oil and natural gas do their typical trampoline routine, seismic companies are sending a much clearer signal. If you're in the geophysics business today, the trend is your friend.
Let's start with the big magilla, CGGVeritas
Like Nabors Industries
As for the outlook, CGG echoed Noble's
From land to sea, CGG has global oil and gas explorers pretty well covered. Dawson Geophysical
This time around, Dawson got everyone charged up, with revenue up 23%, and earnings beating the average estimate by more than 10%. As usual, a higher crew count gave results a lift, but productivity on existing crews also rose. This strong execution should be no surprise by now, given Dawson's track record.
As with CGG, Dawson's outlook is very positive, thanks to incredibly active independents like Chesapeake Energy
Recent shale tales:
Dawson is a Motley Fool Hidden Gems recommendation, Precision Drilling is a Global Gains pick, and Chesapeake is an Inside Value selection. Drill down on any of our Foolish newsletter offerings free for 30 days.