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Precision Drilling Corporation Message Board

  • zcon56 zcon56 Dec 1, 2012 1:57 AM Flag

    Amazing after hours!

    Wonder whats up-hopefully someone knows something we don't(like an up-grade coming perhaps?). Got to like it though. Anybody have a clue? Perhaps it's a desperate fund manger-who is down for the year- trying to catch up in a hurry before year's end and thinks a high beta stock like PDS is poised to move? Perhaps a move by a major investment firm to gain a large position in the company? The list could go on...

    Sentiment: Strong Buy

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    • Hi ZCON. A possible answer to your questions about what is driving this stock:

      The Globe and Mail on Friday said that there is talk of a small dividend, perhaps 0.15 or 0.20 per year. (Yea, that is small!)

      But of way more interest to me was the talk in that article that the company's equipment alone is valued @ 12.00/share.

      Note that the volume came near the end of the day- maybe the funds are getting in at the last minute because it is a dividend and they are concerned about the record date.

      There might be some news out as of Tuesday, when they are scheduled to do a presentation.

      Sentiment: Strong Buy

4.37-0.05(-1.13%)Nov 25 4:02 PMEST