IO - Policy Uncertainties Keep ION Geophysical's Growth On A Leash
IO is still not out of woods
ION Geophysical (IO) provides geoscience products, services, and solutions that allow upstream energy companies to obtain the earth’s subsurface images. I do not think IO will be able to keep its momentum going in the short run because of several industry headwinds. Unless offshore capex starts picking up and the crude oil price stabilizes, sustained growth for the company remains doubtful.
Ion Geophysical will look to improve its revenues when the upstream operators increase capex investment and the company’s new venture programs gain momentum. IO’s 3-D