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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Al Collard who wrote (957)3/10/2001 9:57:58 PM
From: John Fairchild  Read Replies (1) of 11802
 
This will be my 1st time in this contest. When I win will this be a record?

CDZ.wt - Command Drilling. Warrants closed at .16 on Friday.
CDZ trading at $2.20. Strike price of warrants $2.50 til June 29/01 (from IPO last summer).

They design and build their own drill rigs for deep drilling. 9 rigs 2,000 - 3,900 meters, 5 rigs 4,000 meters and currently constructing a rig capable of greater than 6,000 meters. Utilization rates exceed industry standard.
Market cap $45 million.

Interestingly Precision Drilling with a fleet of 208 rigs and a market cap of $3.9 billion only has 22 rigs capable of 4,000 meters or greater.

All drillers showing upward momentum right now.

Edit: when I win I will be the second person to win on a first pick :-)

John
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