Onshore Drillers

[dan_s]

I have just posted my updated profiles for PDS and PTEN under the Watch List Tab.

Both look attractive at today's share price. They are both trading at less than 5X CFPS and they both generate a lot of free cash flow.

[setliff]

dan, where do you get your 2014 numbers for these drillers---guidance, swag from capex numbers from operators, or swag based on oil and gas prices, or ??

there have been a number of analysts that have posted bullish comments for the drillers in 2014 based on increased capex w/o any numbers involved.

[dan_s]

Note that my 2014 numbers are very close to First Call's EPS forecasts. Both should have decent Q4 results and my forecast for 2014 is based on my opinion that a lot of E&P companies are going to add more rigs next year.