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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by dbeaudeon Nov 14, 2013 10:13am
206 Views
Post# 21905358

Now is the time to buy these shares....

Now is the time to buy these shares....The share count has been reduced by 30% and they will not have any debt and principal repayment for quite some time so they can build up the EBITDA through improving the utilization rate and repatriation of the camp equipment. Owning the camp equipment alone will increase EBITDA by ~$7 million per year and if and when they get the utilization up to 85% along with this incremental EBITDA, they will be back to the EBITDA level before the sale of the African assets back to M&P. And they will have 30% less shares to spread the performance out over.
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