Major Drilling Group International Inc

MDI-T

TSE:MDI

5.77
0.32 (5.87%)
Major Drilling Group International Inc. is one of the world’s largest drilling & mine service companies primarily serving the mining industry.
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Analysis and Opinions about MDI-T

Signal
Opinion
Expert
WATCH
WATCH
August 14, 2017

As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.

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As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.

TOP PICK
TOP PICK
June 10, 2016

This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.

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This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.

COMMENT
COMMENT
April 20, 2016

He wishes he had bought into this. Clean, clean balance sheet. Good management. They eliminated the dividend, which was probably a smart move. A leader in the field and thinks it will survive. It has potential to do better than a double from here, but it could get hit in the short term.

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He wishes he had bought into this. Clean, clean balance sheet. Good management. They eliminated the dividend, which was probably a smart move. A leader in the field and thinks it will survive. It has potential to do better than a double from here, but it could get hit in the short term.

SELL
SELL
August 11, 2014

The drillers have all had a little bit of problem recently. This one is a little bit more exposed to the mining side, which continues to be very, very challenged. If you want a drilling company, he would prefer CanElson Drilling (CDI-T), which has done a good job. Has exposure to Mexico, North Dakota and Canada. Also, has a dividend yield of about 4%.

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The drillers have all had a little bit of problem recently. This one is a little bit more exposed to the mining side, which continues to be very, very challenged. If you want a drilling company, he would prefer CanElson Drilling (CDI-T), which has done a good job. Has exposure to Mexico, North Dakota and Canada. Also, has a dividend yield of about 4%.

DON'T BUY
DON'T BUY
October 10, 2013

(Market call Minute) Prefers equipment space, not the drillers.

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(Market call Minute) Prefers equipment space, not the drillers.

HOLD
HOLD
September 13, 2013

In the next 12 months or so, she thinks this might rebound from the current lower level. Valuations are quite cheap. Company has a very attractive balance sheet. However, about 30% of their major drilling business is coming from exploration on the Junior side. Stock has priced in somewhat with lower activities. 2.75% dividend and she doesn’t see any increases coming. (Host comment: Beta is 1.9 id est., 90% more volatile than the TSX.)

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In the next 12 months or so, she thinks this might rebound from the current lower level. Valuations are quite cheap. Company has a very attractive balance sheet. However, about 30% of their major drilling business is coming from exploration on the Junior side. Stock has priced in somewhat with lower activities. 2.75% dividend and she doesn’t see any increases coming. (Host comment: Beta is 1.9 id est., 90% more volatile than the TSX.)

SELL
SELL
April 22, 2013

(Market Call Minute.) There is a decline in mining activity so why do you need to be there on a higher risk play in the mining sector.

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(Market Call Minute.) There is a decline in mining activity so why do you need to be there on a higher risk play in the mining sector.

COMMENT
COMMENT
October 15, 2012

This is a drilling company for mines. You are exposed to activity but not to cost overruns. As long as they are drilling trying to find things they are a beneficiary. Looks pretty interesting at this price.

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This is a drilling company for mines. You are exposed to activity but not to cost overruns. As long as they are drilling trying to find things they are a beneficiary. Looks pretty interesting at this price.

HOLD
HOLD
August 30, 2012

Basically this is providing a service to the mining industry and the global mining industry is hurting right now. You need an upsurge in the fortune for miners and that is not, as yet, in the cards.

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Basically this is providing a service to the mining industry and the global mining industry is hurting right now. You need an upsurge in the fortune for miners and that is not, as yet, in the cards.

COMMENT
COMMENT
August 7, 2012

(Market Call Minute.) Looking at this one. Had a record quarter but the stock has not responded. A potential Buy.

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(Market Call Minute.) Looking at this one. Had a record quarter but the stock has not responded. A potential Buy.

WATCH
WATCH
August 3, 2012

Beaten up so much. Risk they will stop drilling. Independent consultants are expecting major drilling, however. Once we see dollars being put back into the ground this one will benefit.

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Beaten up so much. Risk they will stop drilling. Independent consultants are expecting major drilling, however. Once we see dollars being put back into the ground this one will benefit.

BUY
BUY
July 31, 2012

Drills for copper, gold, etc. International. Great company. Very profitable. Has been extremely volatile like all commodities stocks. You have to be prepared to buy when nobody wants it, such as now, and sell when everybody wants it.

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Drills for copper, gold, etc. International. Great company. Very profitable. Has been extremely volatile like all commodities stocks. You have to be prepared to buy when nobody wants it, such as now, and sell when everybody wants it.

BUY
BUY
January 10, 2012
Pure rental drilling services in mining. Costs to their customers are continuing to increase and it is benefiting this company. Thinks the stock will continue to increase.
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Pure rental drilling services in mining. Costs to their customers are continuing to increase and it is benefiting this company. Thinks the stock will continue to increase.
BUY
BUY
July 19, 2011
Slightly recovered since 2008. A lot of companies have been able to come to market and raise capital.
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Slightly recovered since 2008. A lot of companies have been able to come to market and raise capital.
HOLD
HOLD
December 30, 2009
He doesn't own any drilling stocks. As economy recovers and more resources are needed, drilling companies will do better. Would prefer Trinidad (TDG-T) because of the yield. Use a stoploss at the 50-day moving average, but once you see the market rollover, exit and take your profit.
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He doesn't own any drilling stocks. As economy recovers and more resources are needed, drilling companies will do better. Would prefer Trinidad (TDG-T) because of the yield. Use a stoploss at the 50-day moving average, but once you see the market rollover, exit and take your profit.
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