Energold Drilling Corp EGDFF

Metals & Mining Industrial Metals & Minerals

Energold Drilling Corp provides drilling services. The company's reportable segments are Minerals, Energy, and Manufacturing. Minerals segment provides drilling services in the minerals industry for parties principally in North America, Mexico, the Caribbean, Central America, South America, Africa and Europe. Energy segment provides drilling and other services to the energy sector in Canada, the U.S. and South America, and Manufacturing segment is engaged in designing, and manufacturing of equipment for water well, mineral exploration and geotechnical drilling companies. It generates a majority of its revenue from the Minerals segment.

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Energold Drilling Corp

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Comment by retep6on Jun 05, 2012 1:14pm

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Post# 19981708

RE: retep6

You're welcome.

But remember, everything I've posted is just my interpretation. Obviously the market feels differently, hence the sell-off in recent months. One thing that could hurt the value of this acquisition is a continued fall in oil prices. As was pointed out in a Report on Business story today, if crude gets much below 80 bucks, activity in the oilsands could drop off dramatically, causing a large drop in demand for drilling services. As you can probably gather, that is not my expectation, but it's good to be aware of the downside risks...

I've been in this stock since late 2006, not planning on exiting any time soon, but as we all know, circumstances can change.

Gl all.

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