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Stampede Drilling Inc V.SDI

Alternate Symbol(s):  STPDF

Stampede Drilling Inc. is a Canada-based energy services company that provides contract drilling services in Western Canada. The Company operates a fleet of approximately 18 telescopic double drilling rigs and one high spec triple drilling rig suited for most formations within the Western Canadian Sedimentary Basin (WCSB). It offers oilfield services to the oil and natural gas industry in the WCSB. The Company's subsidiaries include Stampede Drilling (U.S.) Inc. and 2391764 Alberta Ltd. Stampede Drilling (U.S.) Inc. has operations in the United States, which include the provision of camp and company men accommodations, as well as contract land-based drilling services. 2391764 Alberta Ltd. specializes in the engineering, manufacturing and supply of fully integrated under balanced coil drilling rigs and corresponding support equipment for the oil and gas industry.


TSXV:SDI - Post by User

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Post by ECSINVESTORon Mar 12, 2021 12:01pm
411 Views
Post# 32785659

Time to get this board rolling...

Time to get this board rolling...Bought some Stampede a while back at the suggestion of the president of a local oil company - said they would be ramping up drilling. I notice in our newspaper that a lot of their rigs are busy in SE Saskatchewan. (Drilling report)

Haven't seen any financial results for year end 2020 yet, (they are not big distribtors on news...) and don't expect them to be that spectacular, but hopefuly Q1 2021 (usually released mid May) shows a pick up in rig usage and revenue. 

Bold prediction is that (if oil stays at curent or close levels), the stock will get above $0.40.

I am also hoping that the company is absorbed by a bigger driller...
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