Showing posts with label IO. Show all posts
Showing posts with label IO. Show all posts

Sunday, March 18, 2018

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.

Sunday, March 11, 2018

Ion Geophysical is a company that surveys the ocean, mostly for oil and energy companies. The reason they're up right now is they provide products and services for the upcoming oil rush, in much the same way shovel companies supplied the gold rushes in the past.

I like the pattern in this picture. I see a jump about every 45 days, or half quarter. Based on this pattern I see $34 a share by the end of March.

In the long run, I see Ion Geophysical getting closer to $100 a share based on what they do and how hard ahead they are of the other companies that do similar.

Mostly, I like the consistient stair pattern. It looks safe to take short gains with.