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Parker Drilling Co. Message Board

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  • moneyartistpro moneyartistpro Feb 28, 2008 10:53 PM Flag

    Saudi Aramco and PKD.

    PKD has an excellent reputation in this industry. Pretty soon they are going to beat their own record(Stockman Island) by building a rig for BP which will go down more than 40000 feet.Check their presentations.These days all oil companies take advantage the generous depreciation righ-offs to grow assets.Next years EBITDA of 280 million x 5 = 1.4 billion Market cap, twice the current value.. The 5 is the lowest multiple in the industry.

 
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