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Energold Drilling Corp. (EGD-X)
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7 watching
CVE:EGD
0.04
0.01
(22.22%) 1d
Financials
Technical Analysis
Sep 19, 2019, 4:00 am
0
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DON'T BUY
$3.430
Unknown
TOP PICK
Manufacture mining drill rigs. Just acquired a small oil/gas drilling business, mostly in the US. Of the 126 drills they have, almost all of them are gold drilling. Meters they have drilled has gone from 240,000 to 450,000 in the 9 months to September. Earnings have exploded. Put all their cash flow into building new rigs. $25 million cash in the balance sheet.
mining services
PAST TOP PICK
(A Top Pick Oct 1/10. Up 22%.)
mining services
PAST TOP PICK
(A Top Pick Oct 1/10. Up 23.43%.) Global mine driller with about 103 rigs and going to 130. Drills for a lot of juniors who have been cashed up. Further afield, the better margins because of higher risks. Has $28-$30 million in cash. Hidden asset with control of almost 7 million shares in Impact Silver (IPT-X). Would like to see this sold as they are drillers, not a silver company. A lot of potential torque as the higher gold goes, they’ll get greater market share.
mining services
BUY
Good crew of experienced in mine drilling. Do a lot outside the country, particularly frontier drilling. With a lot of the gold companies having raised money, they are doing a lot of drilling. Further they go a field, margins tend to increase. Virtually operating flat out. Recently did a successful issue and are all set up for mergers and takeovers.
mining services
BUY
Their drill rigs are very portable. People are going off into far off remote places these days. It’s not terribly expensive.
mining services
TOP PICK
Contract mine driller with 70% being gold. Because of so many gold financing over the last while, they will have a lot of work to do. Debt-free. Has a lot of potential torque as gold mining picks up. Not widely followed and fundamentally very cheap.
mining services
BUY ON WEAKNESS
Designed and developed a little portable mining drill that can get into tight areas. Likes it quite a bit but is a little overbought on the daily charts. Wait for a pullback.
mining services
BUY
They can do what no one else can, i.e. going into the hinterland and use labour for drilling. Likes management.
mining services
DON'T BUY
There is a small basket of small drillers that he looks at but prefers larger and more liquid players. As the mining sector rallies, you could see substantial gains in these. Prefers Major Drilling (MDI-T).
mining services
BUY
Like it and see significant upside. In March the activity levels were equal to Jan and Feb combined. 95% of business is with Majors so no risk of clients running out of money. Could make some acquisitions.
mining services
COMMENT
(Caller says they designed a portable drill that can be put together under 2 hours and can go into areas where the old drills could not go.) Likes the product but not big enough for him to care about. Mining/oil field services are extremely cyclical and he prefers lowest cost provider with an extraordinary balance sheet and a depth of service capability that this company is not large enough to fulfill. Also believes there will be an aggressive turndown of exploration spending.
mining services
TOP PICK
Drilling company. Quarter after quarter they are increasing their profits. Also own a fair amount of Impact Silver (IPT-X). Well run and well managed. Expect it to be far higher 5 to 10 years from now.
mining services
COMMENT
Have unique systems that can be carried on the back so very remote areas can be accessed. Have been expanding their fleet and equipment so revenues and earnings are growing at a very fast pace. He wants to buy this one again sometime in the future.
mining services
BUY
Doesn't know the stock that well but based on what he does know, it's in a favourable place. Undervalued. If the mining cycle continues, you should see good performance out of this one.
mining services
Energold Drilling Corp.(EGD-X) 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
Energold Drilling Corp.(EGD-X) Frequently Asked Questions
What is Energold Drilling Corp. stock symbol?
Energold Drilling Corp. is a Canadian stock, trading under the symbol EGD-X on the TSX Venture Exchange (EGD-CV). It is usually referred to as TSXV:EGD or EGD-X
Is Energold Drilling Corp. a buy or a sell?
In the last year, there was no coverage of Energold Drilling Corp. published on Stockchase.
Is Energold Drilling Corp. a good investment or a top pick?
Energold Drilling Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Energold Drilling Corp..
Why is Energold Drilling Corp. 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 Energold Drilling Corp. worth watching?
0 stock analysts on Stockchase covered Energold Drilling Corp. In the last year. It is a trending stock that is worth watching.
What is Energold Drilling Corp. stock price?
On 2019-09-19, Energold Drilling Corp. (EGD-X) stock closed at a price of $0.035.
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Been a nice success story. His opinion is that the commodity cycle has really played out here.