Stock price when the opinion was issued
It is paying down debt at $200 million per year and is half-way through the process of paying off the total of $600 million. When debt is paid off and it is generating $200 million excess capital it can use this capital for dividends and share buybacks. As they approach this point we should see the stock price increase. It is worth about $450 million today. Buy 7 Hold 2 Sell 0
The oil and gas service sector has had a dip because of tariff concerns but has recovered. It continues to be very diversified and has half of its rigs in the U.S. It is expected to pay down another $200 million in debt this year.