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Dividends | 12 Months Ended
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Dec. 31, 2022
Dividends |
Dividends | 9. Dividends The Company did not issue any stock dividends during calendar years 2022 or 2021. The Company has not paid cash dividends during calendar years 2022 and 2021. While there are currently no restrictions prohibiting the Company from paying cash dividends, the Board of Directors, after consideration of economic and market conditions affecting the energy industry in general, and the oilfield services business in particular, determined that the Company would not pay a cash dividend in respect of the Company’s common stock for the foreseeable future. Payment of any type of dividend in the future will be at the discretion of the Company’s board and will depend on the Company’s financial condition, results of operations, capital and legal requirements, and other factors deemed relevant by the board.

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