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Bullboard - Stock Discussion Forum Orbit Garant Drilling Inc T.OGD

Alternate Symbol(s):  OBGRF

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States,...

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RE:Earnings out

$3M out of $4M loss in latest quarter is a depreciation expense which is non-cash. 35% of rigs sits idle and that hits the bottom line. They need to sell unused rigs. Canadian operations are...read more

Earnings out

I am trying to figure out if OGD will ever become profitable.... these earnings reports are painful to read. A company of this size has to break even on $45m revenue in a quarter.... ...read more

$1 buck and moving up

Hello All, Nice to see OGD over a buck again.  Hopefully the earnings in a few weeks will turn to the positive. Hard to make sense and sift through all that is going on with geo-politics...read more

MDI Drilling reslts

MDI posted pretty good numbers for the november - january quarter.  Couple of takes : their new contracts have escalation clause for costs increase.   So their margins are protected...read more

OGD- Quebec Nickel Corp drill program

OGD has this contract: QUEBEC NICKEL CORP. PROVIDES AN EXPLORATION UPDATE https://www.quebecnickel.com/quebec-nickel-corp-provides-an-exploration-update/ Looks like it was already previously...read more

RE:RE:Life after eanings...

Hi John, On the competitors :yes but they either are more diversified (MDI FAR) or operating in other juridictions (Africa for GEO)   On the Covid front, Orbit has contracts with Agnico...read more

RE:Life after eanings...

Thanks Frozen. Once again, that was a difficult earnings report to read. I find it shocking OGD has great revenue but are losing money. I understand the challenges but their competitors are fairing...read more

Life after eanings...

Ok, listened to the conference call.  No questions.  Only tidbits of info : the slowdown due to Omnicron starting in December is also noticeable in January.  So it might have an impact...read more

Earnings out.

Wait till next quarter...  training costs, costs increased including salaries as well as  ramp up/mobilisation costs.   And some Omnicron impact which is new.   On the...read more

OGD Earnings tonight after bell

Hello All,  hopefully we get some positive numbers and increased Margins. Lets go!  rate and reply

RE:RE:RE:Gold vs. Bitcoin

Here you go https://www.veracast.com/webcasts/tds/mining2022/5w9Gg7.cfm  rate and reply

RE:RE:Gold vs. Bitcoin

Hey Frozen,  Thanks for the updates. Can you send a link to this Fireside interview or what to google? I did not see the link in your GEO post either and I cannot seem to find it. I am assuming...read more

RE:Gold vs. Bitcoin

Hey John, Picked a few today myself.    GEO and MDI CEO were on a fireside and  Supercycle was the  term used by Harper.   Seems to me that OGD is going down for no...read more

Gold vs. Bitcoin

Hello OGD Bullobard, I could not help but increase my OGD holdings by 30% over the last couple weeks. I had to take Rick Rule's advice and be excited that the market is giving me time to load up....read more

RE:Extends Credit Facility/Renews Four Large Drilling Contracts

This is very good news.   The credit facility was negotiated in March only for 8 months.   Now they do have 2 years with better rates. They had prime plus 2 previously, let see...read more

Extends Credit Facility/Renews Four Large Drilling Contracts

VAL-D'OR, QC, Nov. 30, 2021 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) ("Orbit Garant" or the "Company") today announced that it has reached an agreement with...read more

RE:RE:New coverage ? And conference call nugget

Great updates Frozen and Bear. These quarterly reports are hard to read when the only thing up is revenue. What good is Revenue up if it means you just lose more $? Every meter drilled, they just...read more

RE:New coverage ? And conference call nugget

Great points. Expensing mobilzation costs rather than capitalizing them is conservative accounting. Always better to invest when the management is conservative on accounting side. In regards to BMO...read more

New coverage ? And conference call nugget

BMO anylyst was on the call.  First time I hear him on a call and nowhere do i see a mention that BMO follows OGD.  OGD might pick up some coverage ? His questions were 2 i wanted to inquire...read more

This Co. will turn around soon

Operating profit of $3.3M for the Canadian division and operating loss of $2.2M for the International division. There is a problem with international operations because of mobilization costs...read more