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| PAST TOP PICK | 0.790 | Veronika Hirsch | (Top Pick Mar 2, 2011, Down 59.80%) Just visited with Management. 4th quarter is still not going to be very exciting. The next quarter will be good. Will have deployed the majority of the rigs. They are spending the majority of their efforts in 2012 on efficiency. There are some camps they can build that service a couple of rigs, which is much more efficient. They will improve margins and the market will pay attention. She would average down, but be patient. She thinks it is a buy. | 2012-03-09 | |
| TOP PICK | 0.750 | Norman Levine | Drilling company whose main operations are in South America. Predominant in Columbia and now in Brazil. Drilling stocks sold off last year and this went down with them. They then made an acquisition, which investors did not like, which dropped the stocks with tax loss selling. Fundamentals continue to improve. Stock could easily double. | 2012-02-13 | |
| BUY | 0.580 | Andrew Cook | Likes the story. Service drilling company that is focused in South America some in Africa. Has a fair amount of debt and the stock has been under pressure. Did an acquisition that closed in September. The real story is their up-to-date technology that allows them into more remote areas. 80% of their rigs are contracted over the next year or so. Cash flows are going to ramp up over the next year. | 2011-12-06 | |
| DON'T BUY | 0.800 | James Hodgins | Acquiring another drilling company but the street doesn't like it and that they will be issuing a lot of new shares. He has a small short position in this one that he feels he will probably cover at around this level. | 2011-06-27 | |
| DON'T BUY | 1.120 | Eric Nuttall | Stock has been massively weak. They missed expectations. Execution has not been fantastic. There are other service companies | 2011-06-08 | |
| BUY | 1.300 | James Hodgins | Energy services and drill rigs in Latin and Central America. Did a financing that was hung up but looks like this is cleaned up and the stock looks pretty cheap. | 2011-05-26 | |
| Comment | 1.250 | Robert Lauzon | Domiciled in South America that he feels is a riskier place to operate. Prefers other service companies and drillers that are working in Canada. (See Top Picks.) | 2011-05-09 | |
| BUY | 1.500 | James Hodgins | Good company and shooting well on their growth program. Also in South America. Prefers Estrella Energy Services (EEN-X), which has a more defensible business model and is a better value. | 2011-04-21 | |
| TOP PICK | 1.540 | Jeff Parent B. Eng. FCSI | Likes the oil drillers and oil filed services. Technically as a group they are all doing very well. This one is in South America. Volumes are pretty good. Looking for a very big rally and to the $2.20 level within a year. | 2011-04-08 | |
| TOP PICK | 2.040 | Veronika Hirsch | Taking brand new equipment into Latin America where there is a lot of antiquated drilling equipment so there won’t be competition. Good management. Will grow the company and probably be taken over 4-5 years down the road. Lots of opportunity ahead as they’ve just started to penetrate the market. | 2011-03-02 | |
| TOP PICK | 1.920 | Joanne A. Hruska, CFA | Relatively new IPO at $1.50 last year. Experience management. Drilling rigs in South America. Huge growth. Using next year’s earnings multiples, they are drilling at less than half of their competition. Not widely known. | 2011-02-25 | |
| PAST TOP PICK | 1.890 | Eric Nuttall | (A Top Pick Oct 27/10. Up 50.4%.) Sold his holdings at around $1.55. Now trading around 5.5 times enterprise value EBITDA and the group average is about 6. Easy money has been made. | 2011-02-09 | |
| TOP PICK | 1.250 | Eric Nuttall | Drilling company. Off the radar screen of most institutional investors. $50 million in debt, which is pretty manageable. Have 16 rigs and there is a shortage in South America. Expects a 33% bump on next year's estimates. Trading at 3.7X enterprise to EBITDA and should be 5X to 6X. | 2010-10-27 |
