Investors have gotten quite a bit more bullish about prospects for the energy service companies over the last three to six months, largely due to increased optimism that U.S. land conditions really are improving. That should be good news for Superior Energy Services (NYSE:SPN), as should the signs that deepwater Gulf of Mexico activity is turning around. The real question for Superior, though, is whether the company can better leverage its "integrated lite" operating structure and start delivering better returns for shareholders.
Good Cost Control In Q1
Superior Energy logged its fifth straight quarter of below-expectations revenue. The misses haven't generally been large (5% this time) and at some point the analyst community bears some responsibility as well,...
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