Saturday, May 12, 2007

Bronco Drilling (BRNC)

very nice HCL to watch.

ppl claim it is a high growth oil drilling company on fire sale now

however the recent ER is not that great (you still can see the huge pre-ER momentum typical to HCL)

yesterday it rebounced 4.xx%, I like to track it from here, and do more DD and complete the story and filter out the key issues to watch.

So far from what I can see about the past ER, the rising cost is a concern, however the 40%+ revenue is very nice.

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