SDPI Is Unlikely To Improve Shortly
Superior Drilling Products (SDPI) provides engineering and manufacturing solutions for drilling tool fleet management. The company is focusing on enhancing new partnership programs to market its DnR fleet in the Middle East. The larger-diameter DnR tools that are seeing active demand in the Middle East can improve margin in the medium-to-long term. Plus, its agreement with Baker Hughes is likely to include repairing of other tools in the deal. So, I expect the stock price to see improved returns in the medium-to-long term.
However, large-diameter DnR tools