Extreme Drilling and Coil Services Corp

XDC-T

Analysis and Opinions about XDC-T

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TOP PICK
TOP PICK
December 23, 2015

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.

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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.

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