Topic: How To Invest

Pat: I would like your comments and insight for Xtreme Drilling & Coil Services. Thank you.

Article Excerpt

Xtreme Drilling & Coil Services Corp., $3.04, symbol XDC on Toronto (Shares outstanding: 82.0 million; Market cap: $249.3 million; www.xtremecoil.com), builds and operates a fleet of drilling rigs and related equipment. The company’s rigs use technology that it specifically developed for unconventional wells, such as shale oil deposits. The company believes its systems let its rigs reach deeper deposits and extract more oil than its competitors can. Xtreme makes two types of rigs: its 21 XDR drilling rigs mainly operate in the Alberta oil sands and North Dakota’s Bakken shale region. The company also owns seven XSR coiled-tubing rigs, which insert flexible steel pipe into oil and gas wells to make horizontal drilling more effective. The XSR rigs mainly operate in Saudi Arabia and Texas’s Eagle Ford area. In the three months ended September 30, 2014, Xtreme’s revenue rose 10.5%, to $66.0 million from $59.7 million a year earlier. The company’s rigs operated for 2,173 days, up 5.4% from a year ago, and…