Poised to gain from higher resource prices

MAJOR DRILLING $28.70 (Toronto symbol MDI; SI Rating: Speculative) (www.majordrilling.com; 1-866-264-3986; Shares outstanding: 23.7 million; Market cap: $680.9 million; Dividend yield: 1.4%) is a large contract-drilling company that mainly serves the mining industry.

Major Drilling’s shares have moved up from $23 in mid-December, even though… Read More

Rising resource prices will help these two

MAJOR DRILLING $21.93 (Toronto symbol MDI; SI Rating: Speculative) (www.majordrilling.com; 1-866-264-3986; Shares outstanding: 23.7 million; Market cap: $520.1 million) is a large contract-drilling company that mainly serves the mining industry.

In the three months ended April 30, 2009, Major Drilling’s revenue fell 60.9%, to $66.4 million… Read More

Well Positioned for a Resources Rebound

MAJOR DRILLING. $14.31 (Toronto symbol MDI; SI Rating: Speculative) (www.majordrilling.com; 1-866-264- 3986; Shares outstanding: 23.7 million; Market cap: $339.3 million) is a large drilling company that mainly serves the mining industry.

In the three months ended October 31, 2008, Major Drilling’s revenues rose 22.4%, to $191… Read More

Risky Time To Buy These 2 Service Stocks

MAJOR DRILLING. $50.73 (Toronto symbol MDI; SI Rating: Speculative) (www.majordrilling.com; 1-866-264- 3986; Shares outstanding: 23.7 million; Market cap: $1.2 billion) is one of the world’s largest drilling service companies serving the mining industry.

In the three months ended April 30, 2008, Major Drilling’s revenues rose 34.1%,… Read More

Pason Takes a Jump

PASON SYSTEMS $13.74 (Toronto symbol PSI) (403-301-3400; www.pason.com; Shares outstanding: 80.4 million; Market cap: $1.1 billion) rents instrumentation and provides data services to oil and gas companies and drilling contractors throughout Canada, the U.S., Mexico and Argentina. Its services include data acquisition, well site reporting… Read More