RigNet Is Going Parabolic

  • RigNet has, largely through acquisitions built a much more sophisticated offering for clients, and that seems to work to land new ones.
  • The host of other services it has acquired can offer additional revenues in their own right.
  • Optimism also seems to return to offshore drilling, especially the Gulf, where the company is building a sophisticated communications network.
  • But as of yet, there is little hard financial data to underpin the shareholder enthusiasm, although that could certainly come.

Source: RigNet Is Going Parabolic – RigNet (NASDAQ:RNET) | Seeking Alpha