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Parker Drilling Co. Message Board

  • mfe1740 mfe1740 May 21, 1999 4:01 PM Flag

    PKD lagging

    PKD also lagged the oil drillers 2 years ago when
    the driller prices took off , then several months
    later, or more, PKD went from 5 to 17 per share is a
    year's time. Appears to the the same situation now. I
    don't think PKD has a reputation as an offshore play,
    in spite of their acquisitions last year or so, of
    several companies givng it more international
    exposure.

    Come the resugence in demand and the rigs wil be in
    demand again, till then, we cut bait. IMHO.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • fwiw, I believe you have your finger squarely on
      the pulse of PKD.

      As PKD has been a laggard
      since losing it's leadership position in the mid
      1970's, it is, imo, virtually impossible to determine
      WHEN it will play catch up to the current leaders.
      Therefore, if one who wants to invest in PKD they MUST have
      at least a partial position to be assured of not
      missing the initial third or so of the surge, assuming it
      comes for the sector. Perhaps the only difference this
      time around will be that PKD may go further faster
      because of its new focus off-shore. Wall Street's
      perception will change if the numbers are there but now the
      Street is domiciled in Missouri...the Show Me State.

      • 1 Reply to LCBard
      • I dont know if I would be dissapointed in the
        action today.
        Figuring in percentage terms PKD did
        not particularly underperform anyone today. Your just
        looking at the close.
        Yesterday the bulk of the volume
        traded at 3 1/4 while today most of the accumulation
        occured at 3 3/8. Thats a decent % change and looks like
        the formation of a nice base here (certainly a lot
        better than the last base at 2 and change).
        Looks
        like we are in ok shape for the next leg up :o)

    • The current rise in rig count is on land so Parker should participate

 
PKD
5.49-0.16(-2.83%)Sep 17 4:03 PMEDT

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