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Message Boards Settings Pioneer Drilling Company (PDC) - Quote Info
Re: Where things sit with PDC and my opinion      5-Nov-09 03:20 pm    
At 40 percent their utilization rate is probably better than most. Most wells are drilled between 5 and 10 feet and 85 percent of Pioneers rigs are in that range. But you're right if the economy doesnt improve, with the enormous inventories of oil and natural gas we have, prices will fall and the whole industry will be a dead man walking.
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I figure Pioneer's shares are currently trading at 7.1 ...
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How do you fig. out a p/e of a company that is los...
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Re: Where things sit with PDC and my opinion
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Pioneer Drilling Co. (PDC)

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On Nov 27: 6.00 Down 0.31 (4.91%)
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