Ion Geophysical Inc. (IO) Offers Opportunity as Large International Players Buy In
QualityStocks (October 27th, 2009) Writes:
Any industry needs the basics to make it run. Technology needs solid minds while manufacturing needs skilled artisans. Exploration needs data of many kinds. A company that can provide that data, at a reasonable and successful rate, is one that will always profit.
Ion Geophysical Inc., a seismic mapping company, works to map subterranean natural gas and oil structures world-wide. The company, based in Huston, Texas, has recently entered into a financial agreement with a Chinese concern to dramatically reduce debt and enable opportunities for expansion.
Although one may assume that subterranean imaging might be rather straight-forward in nature, it is slightly more varied. In this regard, the company operates through four fairly distinct segments: land based, marine, data assessment and data solutions. Given the four varying segments of the company, it may be said that the company is a full one stop shop for assessing opportunity where searching for minerals, of
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