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$15.47 -5.22 (-25.23%)
10/15/2008 4:06 PM

Pride International, Inc. (PDE)

CAPS Rating:
****

An international provider of contract drilling and related services to oil and natural gas companies worldwide, operating offshore and on land.

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Avatar Guardian21 (97.39) Submitted: 7/01/08 11:16 AM : Outperform Start Price: $46.76 PDE Score: -37.43

Whether oil goes to $150 or to $100 a barrel, demand for oil will continue to out pace supply. The oil drillers will benefit from this trend. In addition, it appears that their once cyclical earnings are now becoming more stable, as these drillers continue to lock in long term contracts for their services.

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