Another mineral drilling company, Major Drilling (MDI:TO; MJDLF:OTC Markets), delivered decent 3Q 2017 results. For example, cash flow from operations (excluding working capital issues and taxes) was the highest since 3Q 2015:
source: Simple Digressions
Another sector measure, ARPOR (average revenue per operating rig), also went up:
source: Simple Digressions
The green rectangles depict boom times while the red ellipses are attributed to poor business conditions.
The yellow rectangle points to the period 2016 – 2017, which, in my opinion, is another boom time.
