Two picks for a resource rebound

MAJOR DRILLING $7.26 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling.com; Shares outstanding: 80.1 million; Market cap: $586.6 million; No dividends paid) is a large contract driller that mainly serves the mining industry.
The company believes that mining companies continue to deplete the world’s more easily… Read More

Cash flow rebounds for MDI

MAJOR DRILLING $6.95 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866- 264-3986; www.majordrilling.com; Shares outstanding: 80.1 million; Market cap: $553.0 million; No dividends paid) is a large contract driller that mostly works for the mining industry.

In the three months ended July 31, 2016, the company’s… Read More

Rising commodities will spur these two

PASON SYSTEMS $18.59 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 84.3 million; Market cap: $1.6 billion; Dividend yield: 3.7%) serves oil and gas drilling contractors in Canada, the U.S., Mexico and Argentina. The company provides them with rental equipment for monitoring and… Read More