Savvy Trades and Investments

[gilead23]

GDLLF thanks Larry

Paradigm also raised the price target from 4 to 5. Couple of items I didn’t like from their filing fwiw. They have 3 million dollars in old receivables past 90 days, and there is some uncertainty around the coup in Burkina Faso. Historically Burkina Faso has been about 20% of their business, but I think they’ve been moving away from them. Mali is currently under sanctions, and accounts for about 10% of their historical business IIRC.

As it stands they only have 2 idle rigs and those are in Peru so I’m not especially worried about revenue, but geography related risk is real for them.





https://www.theglobeandmail.com/investing/markets/inside-the-market/article-tuesdays-analyst-upgrades-and-downgrades-201/