Major Drilling Group International Inc

MDI-T

TSE:MDI

3.94
0.00 (0.00%)
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.
DON'T BUY
DON'T BUY
July 2, 2009
A bellwether for the metals and mining sector. Chart shows it running up from 2005 through 2007. Came down through 2008. A lot of the metals stocks have retraced 60% or 70% but has not occurred with this stock. Chart shows relative weakness to its peer group. Postpone the purchase, at least through the summer.
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A bellwether for the metals and mining sector. Chart shows it running up from 2005 through 2007. Came down through 2008. A lot of the metals stocks have retraced 60% or 70% but has not occurred with this stock. Chart shows relative weakness to its peer group. Postpone the purchase, at least through the summer.
BUY
BUY
May 26, 2009
Historically was between $30 and $50 during the commodity bull run and if we get that back in the next 3 years, you'll probably have a double.
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Historically was between $30 and $50 during the commodity bull run and if we get that back in the next 3 years, you'll probably have a double.
COMMENT
COMMENT
April 3, 2009
(Market Call Minute.) A Hold at best because it is going to be 6 months before it goes.
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(Market Call Minute.) A Hold at best because it is going to be 6 months before it goes.
DON'T BUY
DON'T BUY
March 6, 2009
Very well positioned company. He is fairly cautious on the base metals segment. Even in an economic recovery, base metals will likely be the last to move up.
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Very well positioned company. He is fairly cautious on the base metals segment. Even in an economic recovery, base metals will likely be the last to move up.
SELL
SELL
January 19, 2009
There is no rush to buy as it will lag out the economy. Drilling companies are going to be under some pressure. All the majors are cutting back on the exploration side of things.
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There is no rush to buy as it will lag out the economy. Drilling companies are going to be under some pressure. All the majors are cutting back on the exploration side of things.
BUY
BUY
November 24, 2008
(Market Call Minute.) Tied to the base metals sector. Normally goes up from October to April each year.
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(Market Call Minute.) Tied to the base metals sector. Normally goes up from October to April each year.
HOLD
HOLD
September 23, 2008
Good company but with the state of capital markets in the US and a pullback in metal prices there could be some downturn in drilling.
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Good company but with the state of capital markets in the US and a pullback in metal prices there could be some downturn in drilling.
BUY
BUY
August 1, 2008
(Market Called Minute.) Very special company.
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(Market Called Minute.) Very special company.
BUY
BUY
June 3, 2008
(Market Call Minute.) Global drilling for mines. Earnings growth is in place.
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(Market Call Minute.) Global drilling for mines. Earnings growth is in place.
TOP PICK
TOP PICK
May 15, 2008
If you are skittish about commodity prices or the risks to mining, this is a way of participating in the resource boom. 2nd biggest contract driller in the mining business in the world. Over 500 rigs in 20 countries. Specializes in harder more challenging drilling where the margins are better.
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If you are skittish about commodity prices or the risks to mining, this is a way of participating in the resource boom. 2nd biggest contract driller in the mining business in the world. Over 500 rigs in 20 countries. Specializes in harder more challenging drilling where the margins are better.
BUY WEAKNESS
BUY WEAKNESS
August 7, 2007
Drillers for mines (not oil/gas) are doing extremely well. Not enough people or equipment. Pricing is going up at a very good rate. Made $2 a share in earnings. Stock is no longer cheap at 23 X trailing earnings, but earnings are still going up and will probably make $2.50-$2.75 in 2008. Stock has to consolidate. Buy below $40.
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Drillers for mines (not oil/gas) are doing extremely well. Not enough people or equipment. Pricing is going up at a very good rate. Made $2 a share in earnings. Stock is no longer cheap at 23 X trailing earnings, but earnings are still going up and will probably make $2.50-$2.75 in 2008. Stock has to consolidate. Buy below $40.
DON'T BUY
DON'T BUY
July 13, 2007
Doesn’t own very much in oil services right now. Prefers his exposure in the energy companies themselves. Not cheap.
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Doesn’t own very much in oil services right now. Prefers his exposure in the energy companies themselves. Not cheap.
SELL
SELL
May 18, 2007
Largest hard rock driller in the world. With commodity prices so strong and lots of exploration going on, it has been an amazing business to be in. If you own, he would take some profit.
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Largest hard rock driller in the world. With commodity prices so strong and lots of exploration going on, it has been an amazing business to be in. If you own, he would take some profit.
PAST TOP PICK
PAST TOP PICK
April 10, 2007
(A Top Pick Dec 27/06. Up 27.2%.) One of the largest drillers in the world. Drills for commodities, not oil/gas. Good price.
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(A Top Pick Dec 27/06. Up 27.2%.) One of the largest drillers in the world. Drills for commodities, not oil/gas. Good price.
HOLD
HOLD
March 23, 2007
This is a one-of-a-kind drilling company. Riding on the back of an extraordinarily strong resource sector.
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This is a one-of-a-kind drilling company. Riding on the back of an extraordinarily strong resource sector.
Showing 1 to 30 of 46 entries

Major Drilling Group International Inc(MDI-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Major Drilling Group International Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Major Drilling Group International Inc(MDI-T) Frequently Asked Questions

What is Major Drilling Group International Inc stock symbol?

Major Drilling Group International Inc is a Canadian stock, trading under the symbol MDI-T on the Toronto Stock Exchange (MDI-CT). It is usually referred to as TSX:MDI or MDI-T

Is Major Drilling Group International Inc a buy or a sell?

In the last year, there was no coverage of Major Drilling Group International Inc published on Stockchase.

Is Major Drilling Group International Inc a good investment or a top pick?

Major Drilling Group International Inc was recommended as a Top Pick by Benj Gallander on 2017-08-14. Read the latest stock experts ratings for Major Drilling Group International Inc.

Why is Major Drilling Group International Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Major Drilling Group International Inc worth watching?

0 stock analyst on Stockchase covered Major Drilling Group International Inc In the last year. It is a trending stock that is worth watching.

What is Major Drilling Group International Inc stock price?

On 2020-05-27, Major Drilling Group International Inc (MDI-T) stock closed at a price of $3.94.