Seismic sector is still a reliable E&P market indicator
The recent drop in oil prices should not have surprised those that closely follow seismic activity. Historically, the health of the seismic segment has been a reliable indicator of the future health of the entire upstream oil and gas sector. Seismic is usually first to slow down, and then often leads the subsequent business upswing. Early indications. The current seismic downturn started in late 2013. As 2014 unfolded, and even with the other oilfield segments booming, the woes of the seismic companies only increased. Their stock prices went into a steady decline, profitability dried up, and s...
Source: worldoil.com