Dawson Geophysical Co. posted a
net loss of $11.8 million in 4Q18, its widest
net loss in a year and a half, and expects
reduced bid activity in Q1. Crew
activity has increased in Q1 to
a peak of five in the US and
four in Canada, compared with four and
three in 4Q18. CEO Stephen Jumper said
Dawson is “cautiously optimistic” as WTI
recovers from its 4Q18 decline. Dawson’s
revenue in 4Q18 was $27.7 million, down
32% from 3Q18 and 26% from 4Q17. Ranger......
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