Pioneer Energy Services Corporation (NYSE:PES)

Time to buy the Land Drillers.
http://stocks.investopedia.com/stock-analysis/2011/Time-To-Buy-The-Land-Drillers-BHI-XES-PTEN-HP-NBR-CHK-PDS-UDRL-PKD-PDC1012.aspx

Company looks to be well-positioned. I'm not thoroughly researching this pick -- CAPS is for fun too! I'm taking a bit of a flyer and betting PDC beats the market from here over the next two years. Outperform.

Strong Move Up Likely on Volatile Stock

Drilling companies are oversold and demadn is high for on-shore drilling.

At a low, should start moving up soon.

new drilling access will allow for some growth in this sector.

TO MUNCH UP AND DOWN CONPARE TO THE S&P 500 %. BUT IT'S WORTH TO KEEP YOUR EYE ON.

This compnay is in a great position to pop fast with the oil drilling recovery when it comes after the excess supply runs out.

bull

This oil and gas driller is selling for 0.55 times book. It dropped 9.74% yesterday with no company specific news. The current price of $4.54 is only $0.55 higher than its price on march 9 when insiders bought massive amounts of stock.

i like to take the 52 wk. Buy at 1/4 and sell at 1/2. This a good candidate as it is a 3-20 on the 52wk. I can buy at 6 and sell at 10. Its a thing of beauty really. Oh, and now it has a new star, and thats always nice.

I'm loving Oil & Gas stocks lately, as oil will not be this cheap for long with global demand continuing to rise. This stock is currently near it's 52 week low with a 4 star rating and a high number of outperform picks. In my opinion this penny stock is a diamond in the rough.

The pain in the North America natural gas market will be pretty bad until supply rolls over from the decline in the rig count, say late Q2 2009 or Q3 2009. PDC and other drillers will be under pressure to cut day rates. Even once the supply rolls over, PDC is unlikely to be able to increase day rates in a hurry unless demand comes back. I would guess PDC's dayrates will remain low for a full year after natural gas prices stabilize and start to increase.

Unless the economy comes back strong (unlikely), then this stock will rocket.

Probably at a bottom.

Pioneer has the Drilling Rigs to Fuel Domestic Consumption. Low P/E.

nat gas supply excesses are short-term, or illusory.

Good company; good fundamentals. Going long after the drop.

I firmly believe that oil and materials have bottom in 9/08, and this is the time to go long on good solid companies that will benefit from a weak dollar policy with too many dollars chasing too few hard assets.

Industry: OIL/GAS-DRILLNG