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IO - ION Geophysical Will Depend On The Strength Of The Global Offshore Recovery
Ion Geophysical Corporation
IO Is Close To The Bottom
ION Geophysical (IO) provides geoscience products, services, and solutions that allow upstream energy companies to obtain earth’s subsurface images. I do not think IO’s stock price will yield positive returns in the short run. However, it has the potential to increase market share and inflate margin in the medium-to-long term.
While the U.S. onshore capex is going south in 2019, capital investment in the international markets is on the rise. The company has won several contracts for imaging service, which led to a higher backlog and increased