There is life on planet KEG. I heard they sold off all their US land rig assets yesterday. This should help pay down some debt and provide a better focus on their core business. As pointed out in a note publsihed today by Buckinham Research, "land drilling by KEG was only 8% of revenues and 6% of operating profit." They add: "We like the sale as it concentrates the business on production services that have more upside." Buck has a $15.50 target price.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar