Oh don't get me wrong Gambing2m, I am very pleased with the recovery in HP's PPS. But for anyone who has followed HP for any length of time, we know that this company does not get the respect (aside from those that are close to the industry) that it deserves.
For an idea of how far ahead of the competition HP really is, do a bit of research on their main competitor, Nabors. Nabor's PACE rigs are their answer to HP's FlexRig. HP has at least a decade long head start on Nabors in terms of perfecting horizontal drilling equipment and techniques. Compare forward earnings estimates of Nabors and HP. The earnings multiples given HP suggest it is grossly undervalued.
The take-away? Don't be satisfied if HP recovers to $70 per share. We should be looking at $100 in the not too distant future!