INNsights - Portable Modular Drilling Solutions with Energold Drilling | Summary and Q&A

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February 10, 2016
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Investing News
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INNsights - Portable Modular Drilling Solutions with Energold Drilling

TL;DR

The global drilling group has experienced a significant downturn in the mining sector but remains diversified with strong financials and a unique technology for providing drilling solutions.

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Key Insights

  • 💦 The drilling group has experienced a significant drop in their stock, but they have been able to withstand market downturns in the past and have a strong balance sheet.
  • 😫 Their unique technology for drilling solutions sets them apart from other companies in the industry.
  • 🚾 The company remains diversified with oil and gas drilling and water drilling projects, reducing the impact of the mining sector downturn.
  • 🧘 The drilling group's financial position, with $15 million in cash and $22+ million in receivables, indicates stability and potential for growth.
  • 🇨🇷 They provide value to their clients by offering cost-effective drilling solutions, ultimately increasing their clients' drilling efficiency.
  • 🗯️ The company also has manufacturing capabilities and expects to sell over 20 million rigs this year.
  • 🙈 The drilling group is seeing a positive turn in mining revenue and expects a potential increase in their stock value.

Transcript

Jerry Wan director of corporate development for an ERG oil drilling group and jonathan is we are a global drilling group we see a lot of different projects around the world were like the you know the the the canary in a coal mine right now we're seeing a drastic downturn in the mining sector but we're diversified so one thing people should know is ... Read More

Questions & Answers

Q: How has the mining sector downturn affected the drilling group?

The mining sector downturn has had a significant impact on the drilling group's stock, which has dropped from $6 to $0.40. However, the company remains diversified with other drilling projects.

Q: What sets the drilling group apart from other companies?

The drilling group has a unique technology that provides pourable modular environmentally-friendly drilling solutions. This technology allows clients to save money on drill paths and transportation costs.

Q: What is the financial position of the drilling group?

The drilling group has a strong balance sheet with $15 million in cash and over $22 million in receivables. Their market cap is less than $20 million, indicating potential growth in the future.

Q: How does the drilling group provide value to their clients?

The drilling group's unique drilling solutions allow their clients to get more meters for the same dollar. They save money on drill paths and transportation, ultimately increasing the value they generate through drilling.

Summary & Key Takeaways

  • The drilling group has seen a drastic downturn in the mining sector but remains diversified with oil and gas drilling and water drilling projects.

  • The company's stock has dropped significantly but still maintains a strong balance sheet, with $15 million in cash and $22+ million in receivables.

  • The drilling group provides a unique value-add to their clients by offering pourable modular environmentally-friendly drilling solutions, saving them money.

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