Analyst Articles

Despite the long odds against them, many people are drawn to the oil and gas industry. Like gold miners in the gold rush days, they know that one big discovery could lead to wealth for successful drillers. Others see the promise of the industry but prefer to take on less risk. This led to the business model of selling picks and shovels to miners. In the modern world, an updated version of that business plan is to provide data for the drillers showing them where oil is most likely to be found.#-ad_banner-# This data… Read More

Despite the long odds against them, many people are drawn to the oil and gas industry. Like gold miners in the gold rush days, they know that one big discovery could lead to wealth for successful drillers. Others see the promise of the industry but prefer to take on less risk. This led to the business model of selling picks and shovels to miners. In the modern world, an updated version of that business plan is to provide data for the drillers showing them where oil is most likely to be found.#-ad_banner-# This data is often difficult to obtain and requires specialized expertise to analyze. TGC Industries (Nasdaq: TGE) says they are “a leading provider of seismic data acquisition services with operations throughout the continental United States and Canada. The company has branch offices in Houston, Midland, Oklahoma City and Calgary.” This gives the company broad exposure to the oilfields that have traditionally dominated the industry. Expansion into the shale oil fields in North Dakota and other states not usually thought of as part of as oil patches is possible and could boost the company’s fortunes. Seismic… Read More