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Well site services provider $BAS said that for the month of March 2016, its well servicing rig count was 421, while well servicing rig hours were 37,000 producing a rig utilization rate of 35%. During March 2016, drilling rig days were 31 producing a rig utilization of 8% vs. 8% and 50% in Feb. 2016 and March 2015, respectively.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.