Seeking Alpha

Union Drilling, Inc. (UDRL)

UDRL is defunct.
  • Sep. 25, 2012, 9:10 AM
    Premarket gainers: GENE +14%. DARA +13%. PPHM +8%. ATRS +8%. PURE +6%. UDRL +6%. ROSG +6%.
    Losers: GEVO -16%. TSLA -8%. KEG -8%.
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  • Sep. 25, 2012, 7:35 AM
    Union Drilling (UDRL) agrees to be purchased by Sidewinder Drilling in an all-cash deal for $242M, or $6.50/share. Shares +14.2% premarket. (PR)
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  • Sep. 21, 2012, 12:50 PM
    Union Drilling (UDRL +10.3%) shares have powered higher all day to six-month highs without any apparent news. UDRL provides contract land drilling services and equipment primarily to independent oil and natural gas producers in the U.S.
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  • Aug. 3, 2012, 1:34 PM
    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.
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  • May 2, 2012, 5:54 PM
    Union Drilling (UDRL): Q1 EPS of -$0.10 misses by $0.11. Revenue of $64.6M (+15.4% Y/Y) misses by $1.4M. Shares -1.5% AH. (PR)
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  • Nov. 29, 2011, 11:51 AM
    Jefferies downgrades a few North American land drillers today, citing lower land rig and pressure pumping expectations and a higher risk/reward profile compared to their offshore peers: Nabors (NBR +0.7%), Patterson UTI (PTEN +0.8%), Pioneer Drilling (PDC -5.1%) and Union Drilling (UDRL -3.6%) are all cut to Hold.
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