Onshore Drillers looking good

dan_s · Post by **dan_s** » Thu Jul 03, 2014 6:03 pm

The onshore drillers continue to look good to me. I like PTEN. PDS, HP and NBR. See profiles under the Watch List tab.

Patterson-UTI Energy, Inc. (PTEN - $35.94 - Overweight) June Activity Update:
 PTEN reported its drilling activity update for the month of June.
 For the month, PTEN had an average of 210 rigs, which is up 8 rigs from the 202 average in
May.
 U.S. / Canada split was 204 rigs / 6 rigs in June vs. 200 rigs / 2 rigs in May.
 Per PTEN’s website, the company is running 207 rigs in the U.S. today.
 For Q2, PTEN had an average of 204 rigs (201 U.S. / 3 Canada ) vs. guidance of 203 rigs (201
U.S. / 2 Canada ).