On 3/26/99 PDS broke a double top (point and
figure) chart trend, most likely scenario is
The trend is now positive and accumulation of the
stock at this price should prove very
Good luck to all on this message board that have
endure a long dry spell.
Next Resistance on the point and figure chart is
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.
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".
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
Doesn't look like there's a lot of conviction
among the sellers thus far today. Obviously there's a
bit less among buyers... Chalk it up to a bit of good
ole' fashioned profit-taking. This rally is still
forreal, but if you bought PDS around $10, I guess I can't
blame you for taking some chips off the table. I'm
content to hang in there though. Hope you wished you had
too a week from now...
At 1:45pm est, Brent is up,
and Light Sweet moved up to unchanged. The sector is
down today, but I look for another late day move up in
both crude and energy service stocks. I've been pretty
accurate lately, let's see if I'm "on" today
G'Luck to all longs!
Sorry for posting in fragments, but I have a
question for manboking. You said that (in not the best
grammer!) "The Computalog purchase when is approved should
add more diversification to PDS," and "A healthy move
You seem to be fairly
knowledgeable about the Oil & Gas Service industry and the
various companies involved. What arguments are behind
your glorification of this transaction?
am becoming weary of PD's debt position. I believe
that Long term debt is around $289MM right now, and
the acq. of Underbalanced Drilling and (maybe)
Computalog would boost the debt up somewhat.
eager to see PD's 4th Q results...they should be due
any day now. Does anyone know the specific date
and/or the revenue and EPS
A friend gave me this URL, that may be useful to
you in helping obtain an opinion on
Plug the symbol in the little box and click on
will have a short, intermediate and long term
PDS was the best that I have seen so far on all
stocks I have checked.
Have no idea guy, other than there may be a third
party involved, PDS is wanting to be able to offer turn
contracts to win market share and Computalog
fits nicely on those plans offering a total
"from socks to joks",...LOL
Are you Confused?, or scared? and can not take
the heat, my suggestion is get out of the
Never meet any one that made money with scared money,
and/or trying to second guess management.
I'm a long
term investor willing to assume the inherited risks
and rewards that go with being a stockholder of
Precision Drilling, and so far so good.
Reading between the lines from the recent
(1). by next week the Computalog reply
should be completed,
(2). the future for PDS is tied
to Under-balanced Drilling
(3). its application
(4). royalties from the Rotary Blow-out
Preventor, from Varco
(5). a purchase of a company in the
U.S. and/or abroad,
(6). further R.& D. on the Fine
Particle Separator, etc.
(7). currently 139 rigs being
utilized out of 210 rigs
Earnings are meaningless at this point, they
reflect the past historical slow-down of the industry the
worst one in recorded history
Markets always looks
fowards at the year 2000 currently (six months ahead),
knowing that the fortunes of drillers and other oil field
service companies is very bright.
Soon you will start
seeing future earnings estimates revised upwards, proof
of this can be found by the average individual when
buying gasoline at the pumps.
The nickel Coke,
the dime candy bar,
the quarter hamburger, and
the buck a gallon for gasoline
are all dead, like
All gone to Wally World and DisneyLand.