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Geospace Technologies (GEOS +2%) signs a $160M contract with Statoil (STO) to do seismic...
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Wednesday, November 14, 2012, 12:12 PM ETGeospace Technologies (GEOS +2%) signs a $160M contract with Statoil (STO) to do seismic monitoring for the Snorre and Grane fields on the Norwegian continental shelf. The news was expected but “represents a positive as the award is a significant size,” analysts at Simmons & Co. say; shares are up nearly 70% YTD vs. ~30% for its peer group.
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