$PES - Pioneer Drilling
I believe that this stock could hit $6/share in the next six months if it can break past the $4.16 resistance. The Company's shares are trading above their 50-day and 200-day moving averages by 20+% and 26+%
As of today these are the only 25 drilling rigs operating in North Dakota. I will be stalking $PES on my watch list.
Active drilling rigs in ND = 25 Rigs (as of the last trading day. 6/3/16)
Nabors - 11 ($9.12/share)
Patterson - 5 ($18.27/share)
H&P - 2 ($58.79/share)
Precision - 1 ($4.82/share)
Unit - 1 ($14.11/share)
Pioneer - 1 ($3.61/share)
True Drilling - 1 (private)
Stoneham - 1 (N/A)
White Mt. - 1 (private)
Cyclone - 1 (private)
My next blog will be of all drilling companies with rigs actively drilling in the US when I wake up along with a rig inventory counts per share prices much like the above.


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