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Message Boards Settings Parker Drilling Company (PKD) - Quote Info
Nothing exciting about CC...      3-Nov-09 12:02 pm    
about the same guidance for 4th Qtr with interest payments on debt going up per Qtr and more cash invested in North Slope rigs.

Parker is still a good value on the dip today that was below book value and will continue be a good story in 2010/investment so sit back and relax and watch Oil Prices and wait to buy more shares based on 4th Qtr results/1st Qtr 2010 guidance.

Expect another good trade soon and in 2010 POS will pass 7.80 SP based on increasing business/Economy.....worst case it drops more and you can buy more cheaper shares but no matter what.....2010 will be the best year on an upward movement in the last 6 years for Parker.

If the Economy follows normal trends(disclaimer)....if not then risk is limited and profits were made in 2009 and that is all that matters. On another positive for Sector (drilling/service) Cameron, Rowan beat estimates also. Oil above $82 in 2009 the buyer(s) will be back...IMO

See all 3 of you in December...or Oil prices go up $4.40AB whichever comes first

Cheers!
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SouleC


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Nothing exciting about CC...
SouleC Not rated 3-Nov-09 12:02 pm  
 
Depends on your definition of exciting, I guess. I...
dormie18 Rate it 3-Nov-09 01:51 pm  
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Parker Drilling Co. (PKD)

Chart for Parker Drilling Co. (PKD)
On Dec 23: 4.99 Up 0.07 (1.42%)
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