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Strategies & Market Trends : Ride the Tiger with CD
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To: marcos who wrote (148141)2/23/2009 5:02:47 PM
From: Rocket Red  Read Replies (1) of 313057
 
divy has been cut

12:41 (Dow Jones) Precision Drilling's (PDS) decision to postpone its $250M debt issue might not be as bad as it appears, UBS says. The cancellation is " essentially neutral on balance" since PDS was merely replacing one high cost debt with another, UBS reasons. Firm rates the stock a buy with a C$8.50 target price. In Toronto, PDS was recently down 10% at C$2.69. In New York, shares are down 12% at $2.13. (BED)

just raised 172 mil before the above
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