OTCPK:MGMXD - Post by User
Comment by
tillbillyon Apr 02, 2012 9:21am
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Post# 19746864
RE: RE: Book Value? Apples to Oranges?
RE: RE: Book Value? Apples to Oranges? Robert
Hyduke's downturn is typical of all energy services butt-kickin lately due to NG price implosion.
I'm deep into PD, mostly due to valuation, but largely due to familiarty to the business and proximity to the company. Friends of mine work for or around it. PD sell-off is unwaranted as most of their "big-iron" searchs for Oil and contracts are out. AXY is small position of mine but when you look at what your buying vs SP if big Spec buyers come they will have to pay up. I think downside is limited and upside to .80 cents realistic 1.00 would see an epic sell-off, but 80 could support.
AXY is cheap at 60. Bottom line.