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.

GREY:CBEEF - Post by User

Cabo Drilling Corp

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Post by ditchdigger1on Jul 31, 2008 11:32am

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Post# 15347716

large lot traded...even larger potential

Looks like a rather large block just traded this morning. I cannot agree with you more Monstapeake...this is a remarkable company. Personally, I love them long term on their own merits but certainly "scoopable" by some major.
I smell something going on with this block trade...CBE is much too profitable to be trading at these low levels. It's been trading in a narrow channel for quite some time. Albeit, at the lower end lately. With their low float it won't take too much to shoot SP over a buck. No way there is much more down side with the $$ and contracts they have coming in.

This one is a gem. Worthy of anyone's portfolio and an potential 5-banger this calendar year.

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