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Energold Drilling Corp provides drilling services. The company's reportable segments are Minerals, Energy, and Manufacturing. Minerals segment provides drilling services in the minerals industry for parties principally in North America, Mexico, the Caribbean, Central America, South America, Africa and Europe. Energy segment provides drilling and other services to the energy sector in Canada... see more

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GREY:EGDFF - Post Discussion

Energold Drilling Corp > Another quarter another loss

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Post by NineLives on May 31, 2019 2:47pm

Another quarter another loss

Funny but I actually thought they might breakeven this quarter. How wrong I was.

Loss of $2.4 million, margins lower, cash lower.

I'll post the link and you can make up your own minds.

One thing to add - with all these drillers making zero profit, Major, Precision and Energold drilling etc: how long will they survive and who will do the drilling? Don't understand why they just don't all raise prices. Oh is that not allowed !!!!!

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aEGD-2767721&symbol=EGD&region=C

Good luck to all.

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