Opinions Veronika Hirsch
Tuscany International DrillingTID.TOHOLDAug 08, 2012
Veronika HirschOwned
$0.36
Stock price when the opinion was issued
oilgas
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DON'T BUY
PAST TOP PICK
(Top Pick Mar 2, 2011, Down 59.80%) Just visited with Management. 4th quarter is still not going to be very exciting. The next quarter will be good. Will have deployed the majority of the rigs. They are spending the majority of their efforts in 2012 on efficiency. There are some camps they can build that service a couple of rigs, which is much more efficient. They will improve margins and the market will pay attention. She would average down, but be patient. She thinks it is a buy.
oilgas
TOP PICK
Drilling company whose main operations are in South America. Predominant in Columbia and now in Brazil. Drilling stocks sold off last year and this went down with them. They then made an acquisition, which investors did not like, which dropped the stocks with tax loss selling. Fundamentals continue to improve. Stock could easily double.
Norman LevineOwned
oilgas
BUY
Likes the story. Service drilling company that is focused in South America some in Africa. Has a fair amount of debt and the stock has been under pressure. Did an acquisition that closed in September. The real story is their up-to-date technology that allows them into more remote areas. 80% of their rigs are contracted over the next year or so. Cash flows are going to ramp up over the next year.
oilgas
DON'T BUY
Acquiring another drilling company but the street doesn't like it and that they will be issuing a lot of new shares. He has a small short position in this one that he feels he will probably cover at around this level.
James HodginsOwned
oilgas
TOP PICK
Taking brand new equipment into Latin America where there is a lot of antiquated drilling equipment so there won’t be competition. Good management. Will grow the company and probably be taken over 4-5 years down the road. Lots of opportunity ahead as they’ve just started to penetrate the market.
Veronika HirschOwned
oilgas
Has been a difficult stock. A small cap in an environment where small caps are not appreciated. Long term they are attractive in the sense that they have top quality drilling rigs in Latin America. Management team has build companies and sold them to larger companies. One day they could be taken over but they need to grow larger.