SDPI Looks For A Medium-Term Recovery
Superior Drilling Products (SDPI) provides drilling and completion tool technology, including horizontal drill string enhancement tools, new drill bit, and refurbish drill bits for the oilfield equipment & service (or OFS) providers. I expect SDPI’s stock price to increase over the medium-to-long term. The primary driver for SDPI’s growth has been the sale of the Drill-N-Ream (or DNR) product used in horizontal drilling. Despite the weakness in the crude oil price in the second half of 2018, horizontal drilling activity did not hit any real pause. I