Opinions
James Hodgins
Extreme Drilling and Coil Services Corp
XDC-T
TOP PICK
Dec 23, 2015
$1.660
Stock price when the opinion was issued
Energy Infrastructure, Industrials & Utilities
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Just too cheap. Over the last year they have increased their customer base from about 35 to 60 as oil has fallen. They focus on the completion end with coil tubing services. Revenues in EBITDA are actually flat this year, versus the rest of the energy services sector which are down by half. They are projected to be flat again next year and it is trading at about 3.5X EBITDA, which is too cheap. Very little debt.