Major Drilling Group International Inc

MDI-T

TSE:MDI

4.07
0.04 (0.97%)
Major Drilling Group International Inc. is one of the world’s largest drilling & mine service companies primarily serving the mining industry.
More at Wikipedia

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.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

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%.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

(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.)

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

(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.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

(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.

Show full opinionHide full opinion

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.

Show full opinionHide full opinion

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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
(Market Called Minute.) Very special company.
BUY
BUY
June 3, 2008
(Market Call Minute.) Global drilling for mines. Earnings growth is in place.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
This is a one-of-a-kind drilling company. Riding on the back of an extraordinarily strong resource sector.
TOP PICK
TOP PICK
March 13, 2007
A very large global driller for base/precious metals. Earnings and margins have been going up very fast. Will probably make $2.20 in earnings in 2006.
Show full opinionHide full opinion
A very large global driller for base/precious metals. Earnings and margins have been going up very fast. Will probably make $2.20 in earnings in 2006.
TOP PICK
TOP PICK
December 27, 2006
Mostly drilling in mining, gold, uranium, copper, etc. As the price of those commodities has gone up, the expenditures and new drilling have increased. Revenues, margins and earnings are going up. Earnings per share in the last quarter have gone up more tan 50%. Not dirt cheap, but reasonably cheap considering the high growth rate.
Show full opinionHide full opinion
Mostly drilling in mining, gold, uranium, copper, etc. As the price of those commodities has gone up, the expenditures and new drilling have increased. Revenues, margins and earnings are going up. Earnings per share in the last quarter have gone up more tan 50%. Not dirt cheap, but reasonably cheap considering the high growth rate.
DON'T BUY
DON'T BUY
October 10, 2006
The largest hard rock drilling company in the world and is closely correlated with the mining sector which has been going gangbusters. With the recent sell off in commodity prices, the stock has fallen and now is not the time to be in it.
Show full opinionHide full opinion
The largest hard rock drilling company in the world and is closely correlated with the mining sector which has been going gangbusters. With the recent sell off in commodity prices, the stock has fallen and now is not the time to be in it.
TOP PICK
TOP PICK
September 6, 2006
Numbers are very good. Earnings are up 25%. Their drilling is in the mining industry such as gold and base metals. Trading around 13 X next year's earnings. They will continue to grow.
Show full opinionHide full opinion
Numbers are very good. Earnings are up 25%. Their drilling is in the mining industry such as gold and base metals. Trading around 13 X next year's earnings. They will continue to grow.
BUY
BUY
March 2, 2006
This stock has done well. Stock is heading higher. It is a little a head of itself. Buying opportunity at $19.
Show full opinionHide full opinion
This stock has done well. Stock is heading higher. It is a little a head of itself. Buying opportunity at $19.
HOLD
HOLD
December 7, 2005
A major leader in drilling. Priced as if there is a lot of good news going forward. On a long-term secular basis, he still likes material and energies. Right now, prices have reached a point where it is hard to find good value.
Show full opinionHide full opinion
A major leader in drilling. Priced as if there is a lot of good news going forward. On a long-term secular basis, he still likes material and energies. Right now, prices have reached a point where it is hard to find good value.
BUY
BUY
November 8, 2005
Do both hard rock drilling as well as oil. As metal prices continue to be strong, it's a very attractive sector to be in. If you believe in the China story that metal prices will not only stay strong, but strengthen over the next 5 years, then this is an interesting way to play that.
Show full opinionHide full opinion
Do both hard rock drilling as well as oil. As metal prices continue to be strong, it's a very attractive sector to be in. If you believe in the China story that metal prices will not only stay strong, but strengthen over the next 5 years, then this is an interesting way to play that.
BUY
BUY
July 7, 2005
Has done well. Stock is right above the 200 day moving average. Believes there will be a move to the upside. Would be good if it could clear the $14/15 area which would be a confirmation.
Show full opinionHide full opinion
Has done well. Stock is right above the 200 day moving average. Believes there will be a move to the upside. Would be good if it could clear the $14/15 area which would be a confirmation.
BUY
BUY
March 17, 2005
Not keen on the oil/gas sector, but the drillers should do very well. Any kind of drilling, oil or metals, should do very well over the next few years.
Show full opinionHide full opinion
Not keen on the oil/gas sector, but the drillers should do very well. Any kind of drilling, oil or metals, should do very well over the next few years.
BUY
BUY
March 16, 2005
The largest hard rock (mining) driller in Canada. Business is really good right now with metals being at record levels. Cyclical, so long term could go down. Running full out now and earnings have to be increasing.
Show full opinionHide full opinion
The largest hard rock (mining) driller in Canada. Business is really good right now with metals being at record levels. Cyclical, so long term could go down. Running full out now and earnings have to be increasing.
DON'T BUY
DON'T BUY
March 15, 2005
Pretty scary chart. Easy money's been made. Be careful.
Show full opinionHide full opinion