When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SPN - Superior Energy Services Needs A Makeover To Return To Profitability
Superior Energy Services Inc.
SPN Has Not Sorted It Out
Despite the crude oil price recovery and positive developments in the energy market, Superior Energy Services (SPN) continues to struggle. Although things were moving in the right direction with the decision to merge with Forbes Energy Services, the recent termination of the deal has dealt a body blow to its plans. So, the company continues to hold low-margin assets with exposure to the weak U.S. onshore market. I think the fall in completions activity will reduce its top-line and margin in Q2.