Dril-Quip, Inc. (NYSE:DRQ) will look for acquisitions. Jeffrey Bird, President and Chief Executive Officer said, "We'll still be pretty conservative. Look, you know our balance sheet.

We'll exit the year -- assuming that all 3 properties sell this year we'll exit the year in the high 300s in cash. We probably need $100 million to $150 million in cash. So there is some cash on the balance sheet we can use towards acquisition.

And then obviously, we use our currency. There likely wouldn't be a scenario unless it's just the perfect acquisition or we consider taking on debt or a bunch of debt. So as a result, there will probably be a string of pearls, if you will, or a little more programmatic, if you will.

Doesn't mean we're going to pass up the perfect acquisition that comes along with large. But right now, the way we think about it is more of that, not risk the balance sheet, play to our strengths, get a nice OFS sub, get some exposure to some other markets, early innings on that".