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Bullish on PTEN ...
PTEN
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zero debt company with P/E 8 i would like to see higher dividend rates, but 1.7% is all we get here buy
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Patterson-UTI Energy, to Hate or to Like?
PTEN
Investors in Patterson-UTI Energy (PTEN) and other land drillers are at crossroads now. Bears continue to argue about the drill rig overcapacity, the bleak outlook this year, and the perceived anemic growth in the years that follow. On the other hand, the few "remaining" bulls and value investors are pointing to the attractive valuation and the solid fundamental still in place now. Competing to benefit from the strong commodity prices, land drillers have raced to add drill rigs in the past few years. According to RigData , the average weekly (operating) land rig count increased fr...
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PTEN going on up
PTEN
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PTEN has been suffering lately with the warm weather in the northeast. The recent cold snap and diminished el nino effect will cause PTEN's stock to rise rapidly. One of the better management teams in the energy field and the embezzlement scandal is now completely in the rearview mirror. Fundamentals are great and let's not forget that this company could always be acquired by one of the larger players.
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| StreetInsider.com on PTEN |
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