Cabo Drilling Corp CBEEF

Metals & Mining Industrial Metals & Minerals

Cabo Drilling Corp is a Canadian drilling services company serving the mining industry in North, Central and South America, as well as Europe. It is engaged in providing contract drilling services including surface and underground coring, directional, reverse circulation and geotechnical drilling as well as a tree falling and clearing services to companies involved in mining and mineral exploration. The company operates in Canada and United States, Latin America, and Europe segments. The majority of the company's revenue comes from Latin America.

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Cabo Drilling Corp

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Post by freedom880on Feb 11, 2008 10:13am

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Post# 14348994

What will propel this company?

Well with the current CEO at the helm,the share price has done squat to it's peers.CBE is after getting plenty repeat contracts,which tells us that there customers are quite pleased.Certain things should have been addressed in the last financials,like why are there 12 million in receivables?Personally I think the catalist to propel the share price is improving quarters and or a change in management of the company.I bought in on this company when it was 40 cents.On the other hand I could have bought EGD at 90 cents.At that time I thought CBE was a superior company to EGD and last quarters earnings did prove that but look at there share price,EGD wins hands down.Sorry for the negative posts but it really hurts to see a company with so much potential just lanquishing.Hope this helps. eom eom

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