Bronco Drilling Company, Inc. (BRNC)

Natural Gas is at historic lows relative to oil. This Nat Gas drilling company is cheap as a result. Energy is energy. Cheap natural gas will generate more demand. Nat gas prices should recover relative to oil and this company will do well.

finally have seen the bottom and there is nothing but upside now on this company. Do your homework and be sure you understand the market which they will thrive in and you will reap the rewards with this company.

I had BRNC in the early part of 2009, but got out. I'm watching it.
I might get back in later, on a substantial pull-back.

Bronco is a fairly decent onshore drilling company. A lot of their iron is a little older, but they get the job done and at a fair day rate when compared to some of their competitors such as NOMAC or Cactus.

This company will be back to outperforming shortly.

The reason it has reached a 52 week low is that there is a general consensus with some operators that there may be some collusion by the drillers to keep the day rates for the cost of drilling artificially inflated during lower commodity prices. The operators are trying to "starve out" the drillers to bring down the prices.

My company, a private geological consulting firm, has lost 90% of our work in the past few weeks alone.

Unless this pi$$ing contest stops soon, a lot more people will be hurting, but, I have a feeling it will be back to normal soon enough. I am bullish on anything and everything related to exploration and production at this point. Stay away from the downstream though, as the economics are considerably shaky for the refiners and marketers at this point in time.

buy on dip

Laying Down Rigs, but they'll be back in 2 years. The gas producers will be OK (if they don't have debt), but the drillers are headed south.

Creating a portfolio of stocks with large numbers of insider buys.

Oil and gas look really oversold to me. This may go down in the
short run, but looks pretty good in the long run.

It appears that the tremendous profits in the oil industry may in the more progressive oil companies will bolster their drilling and research efforts. The latest indications are that there are still land fields to be found and tapped

Cheap according to my calculations.

This hit a 52 week low today.

This is an outstanding company being heaved out with the trash.

Low P/E, low debt, high EBITD make this a good bet. The recent decline in oil prices has taken its toll, but I suspect OPEC will cut production in November, which will cause oil to rise again and will lead to more drilling.

Low P/E, high projected 5-year EPS growth rate will produce at least a three bagger with this one!

Time to load up the CAPS portfolio with oil services and related stocks.

luvb2b

These guys are having some dificulties. Q1 '08 evenue is down $7M from Q4 '07 and down over $16M from Q1 '07, Q1 '08 net income is down over $3M from Q1 '07, Q1 '08 fully diluted EPS is down 13 cents from same quarter last year.

While BRNC has picked up some drilling work in the Bakken, this not all the press has pumped it up to be.

Bronco Drillings target price was rasied early last week to $19.00. Stacok closed 40 cents higher by the end of the week. All the charts look good on this one. My target price is a bit less that $19....

The country needs energy and bronco is situated to take advantage of the drilling and workover demand.

Jim Cramer says thumbs down, so I think I will go the other way. 90% of this companies rigs are operational right now and they are continuing to grow.