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Hyduke Energy Services Inc. HYKCF

"Hyduke Energy Services Inc is an integrated oilfield services company engaged in the manufacture, repair and distribution of oilfield equipment. The company operates in three segments, Manufacturing and Fabrication segment that designs, manufactures, refurbishes and repairs land-based drilling rigs, well servicing rig, drilling support equipment, workover support equipment, storage tanks, custom steel fabrication and custom machining; Supply and Service segment that includes the procurement and


GREY:HYKCF - Post by User

Bullboard Posts
Post by David_Adellon Oct 09, 2009 6:10pm
558 Views
Post# 16378768

will move much higher!

will move much higher!I told the naysayers in my  previous post   that  Hyduke   has legs to run    once economy  recovers. The main reason is that HYD    never diluted at all  in the downturn.  Now u  they are leaner meaner and  still  have the same number of shares. I see the next breakout to  70 cents.     3rd quarter will be lousy earnings  ( nat gas   touched 2.50  during the quarter) but thats already been baked in.  But 4th quarter and 1 st quarter  2010  should be decidedly different. Moreover, i think the leaner structure will  nail  a  few more contract wins  too.  Nat gas  is firming and this will  finally reflect in some  more  bread and butter maintenance and service contract revenue also.    The mgmt team's legwork  in international markets has been validated.
Bullboard Posts