For investors: DWSN -- Another One In Which Hindsight is 20/20

Back on November 13, 2009 -- more than a year ago -- I put up a short note about Dawson Geophysical. Publicly traded, it is a seismographic company.

Check out its three-month share price action and its one-year share price action (DWSN). When I first mentioned it in November, 2009, it was trading for about $22. As recently as December, three months ago, shares were selling for $31.

On Friday, it closed just under $46 with a fairly significant rise the past few days. Since that first note, one could have doubled one's money.

In the past three months, AAPL has appreciated about 12 percent; Dawson has appreciated 72 percent. Since November, 2009, both AAPL and DWSN have appreciated 80% but whereas APPL is now flat, DWSN's trajectory remains up.

A lot of folks focused on the Bakken would not have seen this coming.  Much of the seismographing has been completed in the Bakken. Folks in North Dakota don't see many seismographing crews any more. They've been replaced by fracking crews. But when I was growing up in North Dakota, I saw those "thumpers" everywhere.

However, this is not the case in the Eagle Ford. That's a new basin and much work has to be done, and I suspect, but do not know, that that is one of the reasons for the run-up in Dawson.

A lot of investors remain focused on drillers / producers, including me, and we miss a lot of opportunities in the oil service industries.