Helmerich & Payne, Inc. provides performance-driven drilling solutions and technologies that are intended to make hydrocarbon recovery safer and economical for oil and gas exploration and production companies. The Company’s drilling services operations are organized into three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The Company’s North America Solutions operations are primarily located in Texas, Colorado, Louisiana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia, and Wyoming. Its Offshore Gulf of Mexico operations are conducted in Louisiana and in the United States federal waters in the Gulf of Mexico. International Solutions operations has rigs and/or services primarily located in four international locations: Argentina, Bahrain, Colombia, and United Arab Emirates. The Company also owns and operates a limited number of commercial real estate properties located in Tulsa, Oklahoma.
Technicals I was watching to see if this would form a high tight 3rd contraction. However, the contraction is now down 18% and not sure if it's even over. That's still too much volatility. I'll remove this from my watch.
Base Count Looks like it made a nice 160% run out of Stage 1 as it entered Stage 2. It's currently forming a big base to consolidate those gains. On the weekly shown above, there is a big shakeout that recovered back into the base.…