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IO - ION Geophysical: Financial Concerns Refuse To Leave Despite Steady Drivers
Ion Geophysical Corporation
IO Is Close To Making Its Way Up
ION Geophysical (IO) provides geoscience products, services, and solutions that allow upstream energy companies to obtain earth’s subsurface images. It continues to face policy obstacles in Mexico and Panama. Because of the delays in license rounds, I do not think IO’s stock price will yield positive returns in the short run. Investors might do well to hold the stock before the margin starts improving decisively.
IO has sanctioned eight new survey programs in 2019 so far. Its multi-client sales increased. Plus, it has made preparations