pten and pds

[setliff]

a couple of little dim lights in a room of darkness----

Analyst Actions: Patterson-UTI Energy Initiated At GMP Securities, Shares Rise
MIDNIGHT TRADER 1:24 PM ET 9/18/2014
02:24 PM EDT, 09/18/2014 (MT Newswires) -- Patterson-UTI Energy(PTEN) was started at GMP Securities with a Buy rating, and the stock gained in afternoon trade.

GMP assigned a $42 price objective on the contract energy driller.

In afternoon trade, PTEN was up 0.89% to $32.76.

Price: 32.58, Change: +0.11, Percent Change: +0.34

Analyst Actions: Precision Drilling Started At GMP Securities, Shares Edge Up
MIDNIGHT TRADER 1:14 PM ET 9/18/2014

02:14 PM EDT, 09/18/2014 (MT Newswires) -- Precision Drilling(PDS) was initiated at GMP Securities with a Buy rating, and shares moved up slightly.

GMP has a $14 price target on the energy services company.

In afternoon trade, PDS was up 0.35% to $11.47.

Price: 11.46, Change: +0.03, Percent Change: +0.26

[dan_s]

I bought more PDS yesterday. I think the onshore drillers are in great shape as the active rig count drifts higher and the U.S. becomes more and more dependent on the shale plays where E&Ps have to keep drilling to maintain production and hold their acreage.

We will publish updated profiles on PDS and PTEN this month.

You should attend our luncheon on September 30 if you are in the Houston area. The CEO of Unit Corp. is our speaker. I am very interested to hear what he has to say about the overall drilling market.