Cabo Drilling Corp CBEEF

RE: CABO RIDICULOUS!!!

[BubbaBull]

If you think EGD's chart is looking good, you should take a look at  OGD (Orbit Guarant drilling). I'm sitting on an 800% return since the crash and believe it still has the potential to reach $8 in the next two years. As far as Cabo is concerned though, I think a little more patience will be rewarded. They are a newer drilling company and still trying to get their name out there. They have some debt, unlike EGD or OGD; due to a big expansion of their drilling fleet right before the crash and still have many of those rigs sitting idle waiting for some work. If commodity prices hold up or increase over the next year or two there will be a lot of money poured into exploration and drilling rates, as well as, fleet utilization should increase handsomely. Cabo is well positioned for such a senerio and I'm anticipating atleast a $1 sp in the next two years. There is also the possibility that they will be taken out by another cashed up driller like EGD or OGD.