PDS and MIND
Posted: Thu Oct 21, 2010 1:25 pm
I listen to a lot of conference calls. What I'm hearing is that the E&P companies are planning larger exploration and drilling budgets for 2011. This means the outlook for PDS and MIND is getting a lot better.
The drillers and oilfield service companies have lagged the rest of the energy sector. Go look at the charts for HAL, SLB and WFT. I believe the service providers will be picking up the pace.
PDS and MIND are both trading below book value and well below my Fair Value target prices.
Dan
The drillers and oilfield service companies have lagged the rest of the energy sector. Go look at the charts for HAL, SLB and WFT. I believe the service providers will be picking up the pace.
PDS and MIND are both trading below book value and well below my Fair Value target prices.
Dan