Fri, Jul 11, 2014, 7:58 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Patterson-UTI Energy Inc. Message Board

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

    CONSOLIDATION

    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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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

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

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.