Anyone have any thoughts on the current reassurance of oil prices and CGG???? For a long time I didn't thing CGG was going to survive the prolonged downturn. Will the pickup in oil price mean we can survive?
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The comment that CGGs fortune is no longer wedded to the price of oil seems like a valid comment.... in which case how can CGG survive in it's current form? How should the company adapt to the new market reality..... any suggestions or thoughts?
CGG's fortunes are no longer wedded to the oil price - shale in North America (and soon, elsewhere) means that there is a new dynamic and, currently, it is unclear how it CGG can be part of it.
Whoops... of course I meant resurgence and not reassurance! Bloody predictive text.