RE: RE: RE: RE: RE: Precision Drilling net earning I am puzzled by fact that not one person on this board can either support or deny with facts that rental rates are dropping. I realize the company is in a quiet period and as well any information they give on pricing would need to go to all investors, not just someone who calls their IR dept. Surely there are others that either work for competitors or work for buyers of tanks, that can add a second voice. Its either true or not true- that prices and thus margins are lower in October than they were in June.
I bought bundles of this stock well before the spin off in Feb 2011 and now sold 80% of my shares at a wonderful profit. I have been very very lucky and as always dont wish to push my luck. I am probably going to hold my remaining shares into earnings, but would like confirmation from an independent source exactly what is happening to pricing going forward. There are a lot better oportunites for me in Canadian forest companies and US home builders, so if I see another oportunity. I will sell the remaining 20% before earnings come out. I agree, that if they are having to drop their prices ,then the cash flow will plummet and not only that, the stock price to cash flow ratio will fall as the growth prospects will not be what they were.
Why doesn't someone new step up and tell us what the current pricing is, rather than say it's simply someone working for shorts or what ever that is posting these statements????
like to hear the facts