Jun. 18 at 5:29 PM
$FET the presentation they gave yesterday doesn’t have much you wouldn’t know already EXCEPT that Neil definitely eluded to current activity levels and market environment are much better than they used for guidance (despite the vol). Friendly reminder that prices were in the
$50’s &
$60’s in Q1 when they were building guidance.
From the presentation from Neil:
“As we think about our 2026 guidance our assumption coming into this year was relatively flat activity. Not high oil prices but stable oil prices. As we head into this year, obviously a war in Iran, we’ve had a change in activity. We’re going to reassess. And as we think about our Q2 call we’ll update that if we see a change in activity “
Well, we’ve seen a change in activity… obviously oil price volatility won’t have everyone running to grab a rig but all things equal, the market is better now compared to when guidance was given.
https://event.summitcast.com/view/bpjo3VVjZ25pp6SXpUua92/HaTmpwcfBZitKcgeXEfUXw
