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Hyduke Energy Services Inc. HYKCF

Energy
"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

Hyduke Energy Services Inc.
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Post by OneStaron May 18, 2011 9:53am
301 Views
Post# 18593005

dangerously cheap

dangerously cheapAt this price HYD is a very attractive company to be taken over by one of their competitors.
The shop can be used for maintaining fleets and drill riggs.
They could fire the management team and run a very attrctive and maintenance shop.
The value of HYD is $10M and a company like Precision Drilling with a market cap of> $3.5B could take these guys out for peanuts.
If management keeps stumbling and is not able to increase the shareholders value we would be much better off the be part of another company.
Not sure how long they can hang on like this.
We will see what the Q1 results bring, but based on history I for one am not too optimistic.
OS
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities