Tesco: Is it a go? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Tesco: Is it a go?

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: Canuck Dave who started this subject	2/3/2001 7:33:55 PM
From: Richard Saunders	of 3

cd - Tesco TEO-tse is involved in oilfield services side of things -- specifically portable hydraulic and electric top drives for land based rigs. They also supply services and equipment for underbalanced drilling and are developing their patented CasingDrilling technology where some tests have been happening in NE B.C. as well as Wyoming. About a month ago I saw a couple of research blurbs indicating between a cdn$20 & $21 target assuming eps. of between $0.60 and $0.70 for 2001 assuming revenues of around $225mil and gross margins of about 40%. Spin also included potential for takeover. 32.7mil shares out & mgmt./insiders hold about 0.7mil Daily cdn. trading is less than 50,000 shares and about 3% of the float turns over each month. "Roebear" (http://www.siliconinvestor.com/profile.aspx?userid=4095633) on the primarily u.s. based drilling services thread ( siliconinvestor.com follows Tesco and tends to mention it whenever there's an opportunity..... Possible peer situations in Canada could include NQL Drilling Tool (NQL.a-tse); Northstar Drilling (NSD.a-tse);Pason Systems (PSI-tse); and Ryan Energy Technologies (RYN-tse). Of the names mentioned some would feel that NQL may be a potentially more rewarding horse to ride however IF the whole sector does well TEO will likely be there too.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext