went in at 25 cents on Friday. haha hopefully it will head north this Monday .

Oil price is now at US71 almost 5% jump. Hopefully this is a good news man.

Of course is not a direct correlation, but when oil prices is going up it will be more feasible for oil company to start drilling more, i.e OPEC / Oil companies might want to increase their production capacity as its more profitable now than before. Hence indirectly more orders would be flushing in to purchase the machinery from SAAG.

true you do have ur point maybe in terms of new orders it might be difficult for SAAG. But for maintenance side, SAAG should be able to rip some extra revenue from it, when increase in oil price will indirectly increases the production / drilling hence extra maintenance cost would be necessary.

This post has been edited by superamd: Sep 9 2009, 12:20 AM