CIBC Starts coverage of PD This month CIBC WorldMarkets started analyst coverage of PD.
Highlights are;
- PD is considered a Sector Outperformer
-Target Stock price of $12.00. (12-18 months)
- Book Value of $8.19 per share
- Dividend at 2.5%
- Well positioned for unconventional resource plays with 70% of drilling leet ar depth greater than 3K meters
-Vertically integrated business model with low cost structure
- 36% of shares held by management and institutions
-well positioned for international expansion
Regards