QUOTE AND NEWS
The Straits Times  Sep 18  Comment 
September 19, 2014 1:07 AM TELCO StarHub aims to develop a smart data centre that can offer new services to help corporate customers lower their IT costs.
JCN Network  Sep 17  Comment 
These new servers feature the Intel(R) Xeon(R) processor E5-2600 v3 product family and include rack, modular and blade models, which improve input/output (I/O) performance and network flexibility for various virtualization environments.
Forbes  Sep 15  Comment 
By Patrick Flynn, Group Leader of Applied Intelligence and Sustainability at IO
SeekingAlpha  Sep 12  Comment 
By Trading Champ: Headquartered in Houston, TX United States ION Geophysical Corporation (NYSE:IO) is a technology focused seismic solutions company. It is mainly involved in providing geophysical technology, services and solutions to oil and gas...
SeekingAlpha  Aug 29  Comment 
By Martin Vlcek: ION Geophysical Corporation (NYSE:IO) provides geophysical equipment, services, solutions and software to the oil and gas industry worldwide for marine and land environments, with a focus on some of the most challenging...
FiercePharma  Aug 26  Comment 
Pfizer isn't among the leaders in the hot immuno-oncology field. But the company is friends with one of them--Merck. And now, Pfizer has tied yet another cancer treatment to Merck's IO coattails.
FierceBiotech  Aug 25  Comment 
Almost exactly one year after Daniel O'Connor was named CEO at Advaxis, he celebrated the personal milestone with the latest in a string of deals. Pharma giant Merck stepped up with a no-strings-attached immuno-oncology development pact for...
SeekingAlpha  Aug 9  Comment 
ION Geophysical Corporation (NYSE:IO) Q2 2014 Results Earnings Conference Call August 7, 2014 11:00 a.m. ET Executives Karen Abercrombie - Vice President, Corporate Communications Brian Hanson - President and Chief Executive Officer ...
FierceBiotech  Jul 29  Comment 
Looking to share some of the spotlight focused on the immuno-oncology arena, Merck Serono says it has launched a mid-stage study of MSB0010718C, an anti-PD-L1 antibody.
SeekingAlpha  Jul 1  Comment 
By Patrick Mork: Watching the Google (GOOG) IO keynote was a bit like watching a steamroller: the stats just kept coming and Android's unstoppable march continued. While by some measure Android's global smartphone share is near or above 80%, here...




 
TOP CONTRIBUTORS

Introduction

Ion Geophysical Corporation (NYSE: IO) provides seismic technology to help E&P operators and contractors generate high-resolution images beneath the surface. Ion offers both land and marine acquisition systems and is based has offices in the United States, Canada, Latin America, Europe, Africa, Russia, China and the Middle East. Demand for oil drives Ion's bottom line. When there is high oil prices, clients are more likely to increase exploration plans. In 2010, Ion's revenues was $444.3 million and its net loss was $38.77 million.[1]

Business Growth

With North American production recovering from the BP oil spill, Ion has been looking to expand overseas. 60% of Ion's revenue comes from outside North America. In particular, the launch of INOVA, a joint venture with Ion and BGP, a subsidiary of China National Petroleum Corporation, will be a strong driver of their growth in the future.

Trends and Forces

Declining Reserves and Cyclicality

With energy demand held relatively stable and declining reserves, E&P companies need and are finding it even harder and more difficult to extract hydrocarbons. As E&P operations become more complex, there is an increased need for sophisticated seismic acquisition technology. One of these untapped regions is the Arctic, which has been relatively unexplored and E&P companies will need a lot of seismic data to assess the potential of projects.[2] Oil shale opportunities is increasing and will utilize Ion's technology. Almost 60% of new U.S. onshore natural gas production is now coming from the shale gas plays.[3]

Political turmoil and regulation

This industry is extremely sensitive to geopolitical events. In October 2010, the US Department of Interior ended the six-month moratorium on certain drilling activities in the Gulf of Mexico after the Deepwater Horizon rig explosion. The government is also expected to issue new safety and environmental guidelines and regulations for offshore operations, which will drastically increase the cost of exploration and production. The permitting process for the gulf has also slowed and has reduced E&P activity and Ion's sales of marine seismic equipment in the region.

In addition, political turmoil in Libya caused the cancellation of two multimillion dollar contracts. Another deal with an Iraqi customer closed, but actual shipping was delayed due to the uncertain political environment.[4]. Although unrest in the Middle East tends to increase oil prices, ION has suffered because traditionally 10% of its revenues comes from that region.

Competition

  • CGGVeritas is a French-based manufacturer of geophysical equipment and a provider of a range of services, including seismic data acquisition, to E&P companies. The company had revenues of $758 million in 2010.
  • Geokinetics is headquartered in Houston, TX and provides seismic data acquisition services to companies worldwide. The company had revenues of $558 million in 2010.
  • TGC Industries provides seismic data acquisition services throughout the US and Canada. TGC has six seismic crews, four in the United States and two in Canada, and revenues of $108 million in 2010.
  • Schlumberger supplies technology, integrated project management and information solutions to the international oil and gas exploration and production industry. One of their five business segments, WesternGeco, provides seismic data acquisition, to E&P companies. In 2010, the company had revenues of $8.7 billion.
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki