Preventing Potential Problems

Maintaining a strong balance sheet relative to your peers is critical in any business characterized by volatile prices. Your balance sheet allows you to grow in good times and in bad. During bad times for the industry, costs tend to go down and activity ultimately becomes more profitable. Also, you should always have a dependable work force on which to rely. Because experienced technical people are critical to our success and because they are in short supply and aging, maintaining a stable work environment provides us with a competitive edge in attracting people.