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Precision Drilling Corporation Message Board

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  • manboking manboking Apr 16, 1999 7:58 AM Flag

    Trend Positive now

    Next Resistance on the point and figure chart is
    at 20.00,
    the trend continues to be positive.

    Need volume now to break-out of the 15.00 price (today
    should tell the story).
    PDS is now the leader in
    "Under Balanced Drilling Technology", this method of
    drilling will impact the drilling of matured areas, where
    pressures are low, and reservoir damage important.

    Subsequently to this cutting-edge technology the
    Price/Earnings ratio afforded to PDS shoud now beging to expand,
    to the high side of the historical range.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • YESSSSSS.....finally we are getting good volume,
      next resistance level at 20.00 with plenty of room on
      the upside. P/E now expanding, since this company is
      the leader in cutting edge drilling technology "Under
      Balanced Drilling", to minimize formation damage and to
      more effectivly produce in mature areas (where
      pressures are low). The neglected stocks with improving
      fundamentals such as PDS are making great moves. The days of
      gasoline for a buck-a-gallon are over except at "Wally
      World or Disney Land".

      • 1 Reply to manboking
      • I like what I see in PDS, and especially what
        looks like a

        temporary halt in bargain-basement
        oil prices. I also like

        PDS and its leadership
        position in the oil services market.

        But I have one
        major concern, and one question. First,
        PDS

        seems to have a relatively low supply of cash in the
        bank-

        (under 3 mil.) This seems extremely low. I've had oil
        stocks

        before and one in particular got into real trouble
        because they

        couldn't pay their bills due to this.
        Anyone have information

        that can ease this
        concern ? Also, when does PDS post earnings
        ?

        Thanks.

    • Appreciate your information. I don't know why
      there are so few messages on this board. I own a couple
      of other stocks, BNO is one, and there is only one
      or two posts a day. I also own HS and there is
      approx 80 posts per day, many of them questions and
      comments but there are some knowledgeable people that
      follow various charts and indicators. I do not
      understand why there are so few posts to this and BNO
      boards. Maybe people still don't like to talk about oil
      stocks.

      • 1 Reply to cygraham
      • Cygraham.....as you know PDS is a Canadian
        Company, and most of its emplyees reside there, where
        there are more message boards, that may account for the
        level of activity. At any rate there are many "savy"
        investors also on this board, there is just less hype here,
        and this may be good. The action last week was good
        (better than fair), we broke thru the top of the
        descending upper channel, on average volume. The next
        resistance level is now at 20.00, and all systems are "Go"
        for next week, as the market breadht increases to
        include neglected stocks with with improving fundamentals
        such as PDS.

 
PDS
12.97-0.24(-1.82%)Jul 30 4:06 PMEDT

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