Seeking Alpha

Union Drilling (UDRL +22.1%) gushes higher following an upgrade to Outperform from BMO. The firm...

Union Drilling (UDRL +22.1%) gushes higher following an upgrade to Outperform from BMO. The firm notes UDRL has an enterprise value of just $3.5M/rig, the lowest in its coverage universe, and thinks its valuation is (or perhaps now was) barely above equipment salvage value. BMO doesn't think this makes sense, given its belief UDRL "is in little danger of failing to meet its debt obligations." Shares soared yesterday as well, thanks to a Q2 beat.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs