Market looking for yield

[tyska]

Two of my oil service companies reported record results yesterday and the market has punished them the last two days. Both have very low debt and lots of room on their credit facilities.Both under 10x ttm p/e So the only thing I can see is the market was looking for a big jump in dividends. One increased their dividend but still yields very low, the other left theirs alone, although to be fair they just instituted a div last quarter.

 

http://www.totalenergy.ca/component/content/article/64-news/225-mar-14-2012-total-energy-services-inc-announces-2011-results.html

 

http://pureenergy.mediaroom.com/index.php?s=15950&item=124341