Dawson Geophysical appears as though it's poised to make a comeback like Ion Geophysical has been doing since the US shifted focus to leading the world in oil production.
The thing here though, is that Ion specializes in ocean exploration, and Dawson focuses on inland exploration.
The US is looking to open the coastlines to more drilling. Hence Ions comeback.
However, if states ecide they want to block drilling, that could force exploration inland, which would benefit Dawson.
I'm not sure where to guess for a price Target on Dawson. They're losing money each quarter now, but they're also down a lot in the last 5 years. I'd like to put a target at $10 by the end of the year. I'm just not sure on this one.
The thing here though, is that Ion specializes in ocean exploration, and Dawson focuses on inland exploration.
The US is looking to open the coastlines to more drilling. Hence Ions comeback.
However, if states ecide they want to block drilling, that could force exploration inland, which would benefit Dawson.
I'm not sure where to guess for a price Target on Dawson. They're losing money each quarter now, but they're also down a lot in the last 5 years. I'd like to put a target at $10 by the end of the year. I'm just not sure on this one.
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