Saavy buy for Major Drilling

MAJOR DRILLING, $8.70, is a buy. This large contract driller (Toronto symbol MDI; TSINetwork: Speculative) (majordrilling.com; Shares o/s: 81.8 million; Market cap: $712.0 million; No divids.) is now acquiring Explomin Perforaciones, a specialty drilling contractor based in Peru. The purchase price is $63 million U.S., with an added $22… Read More

They have strong prospects and no debt

Demand for Major Drilling’s specialized services is now recovering. Meanwhile, Computer Modelling is benefiting from expanding oil and gas drilling in response to overall higher energy prices. We think there are still gains ahead for both stocks.
MAJOR DRILLING, $8.04, is a buy. This large contract driller… Read More

Drilling rebound is a big plus for these two

Demand for Major Drilling’s specialized services, especially from senior gold producers, including Australia’s largest mining companies, is now recovering. Meanwhile, Computer Modelling is benefiting from expanding oil and gas drilling in response to overall higher energy prices. We think there are still gains ahead for… Read More