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Patterson-UTI Energy Inc. Message Board

  • dd704 dd704 Feb 2, 2013 12:56 PM Flag


    The industry will start consolidating in a big way by the end of 2013. Its already started but slowly. The talk is PTEN will go for ~ $28. Thats why H&P isn't moving and PTEN is. H&P will be on the buying side. UNT will be slit up. Drilling will go to ????????????? and gas/oil properties go to China. The ocean drillers r acting the same way. Good luck to longs. BTW: a clue that a companies going to be bought is when the msg board starts getting msgs that the company is on the overvalued list.

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    • I might have got this wrong. These earnings r fantastic. I expected 0.32. These earning might make PTEN too expensive for someone to buy.

      • 1 Reply to dd704
      • They won't get bot-out. If they were to, it would have been last year. This company is pretty stable and strong (ie. consistant) They could be easily taken out, not sure why, not sure I care (i'm long and have been for yrs) With that said, the stock is consolidating today, with all the sellers. I think the shorts are covering quietly and have been. This should pop to $24-25, and then it will be over priced! BUT....this earnings beat is AWESOME, no other compnay in this space has done this! So....I think should POP and settle, GO PTEN!

        Sentiment: Strong Buy

34.34-0.05(-0.15%)Jul 11 3:59 PMEDT

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