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Re: profiteer11 post# 7

Thursday, 10/28/2010 1:28:52 PM

Thursday, October 28, 2010 1:28:52 PM

Post# of 46


Among the onshore contract drillers, we are positive on Patterson-UTI Energy (Nasdaq: PTEN). The Texas-based company, which had heavy spot market exposure, was hit badly by the financial crisis with operators tending to release land rigs to preserve cash. However, Patterson-UTI has recovered almost all its lost market share and its long-term outlook seems compelling on the back of recent acquisition of certain assets of onshore well service rig provider Key Energy Services.


Source: Zacks

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so do your own due diligence before and consult a licensed professional making any decisions.

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