Major Drilling Group International Inc T.MDI

Very solid numbers

[waldenpawned111]

Looks like a very good quarter. Like to see that they're renegotiating contracts - the next 12 months should be very good.

hopefully this lights a fire under GEO too.

[Dunworkin2]

Phenomenal results!... best in 9 years! Highlights Industry upturn gaining momentum Highest quarterly revenue in 9 years at $151.0 million, up 69% as compared to same period last year. EBITDA(1) for the quarter was $24.2 million, an increase of 75% compared to same period last year. Recorded net earnings of $11.1 million or $0.14 per share, the highest in 9 years. McKay

[FrozenInOntario]

Yes indeed a very good quarter.  Was looking at the 2019 numbers and these were at 98 millions.  So 151 million of revenu is a first step to what is shaping as an excellent year in line with all the other drillers btw.  They did beat all the estimates quite handily, be it EPS or Revenu. And with a rig and labor shortage, increasing utilisation rates and lots of financing, next

[waldenpawned111]

Nice reaction from the market.  It's a safe bet that OGD will put out good numbers. I'm just a bit concerned about how thinly it trades. Are you buying for the long haul?

[FrozenInOntario]

Hi Walden, Of course, I buy for the long haul.  Until I sell.  This is a cyclical industry.    As to thinly traded : you should not worry about this unless you are a big institutionnal investor.  GL,