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OFS - As crude prices sink, sector still deciding on how to swim - March 2020
For most of earnings season, a narrative had taken shape. The US land market would be rough throughout 2020, but oilfield services companies would be able to adapt. For international and offshore markets, 2020 was going to be the start of a multiyear growth cycle. Then on March 9, we entered a $30/bbl world, and the mood shifted from somewhat optimistic to somewhat apocalyptic. Calgary-based Ensign Energy Services conducted its 4Q19 earnings call (PG.12)......
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