Re: Tipped by Shares Mag for 2017 Should benefit massively from the resurrection in commodity prices as instead of tightening belts commodity companies can now source and fund further drilling and exploration work. That being right up CAPD's street.Shares Magazine seemed to be picking up on this along with CAPD's strong ties with existing miners and commodity producers and also its spare capacity should benefit.I suspect it may end up being one of their share tips of the year. Recent purchase here off the back Of Shares Magazines write up, along with a Festive buy today into Graphene Nanotech this morning off what I thought was an excellent RNS which has evident good growth potential and which I thought may be hinting at it starting to turn the corner.Own due diligence
Tipped by Shares Mag for 2017 Apparently CAPD has been tipped by Shares Magazine today as one of their 10 nap tips for 2017 (along with IDEA and IAE which I also hold).
Finncap raise target price to 70p After today's contract news, Finncap have today increased their target price here to 70p (from 50p):[link] CEO's comments this morning add further encouragement: ""This new exploration contract is another positive win for our company and provides further encouragement that a sustained cyclical upswing in the drilling services sector is underway. This will translate into a further improvement in the utilisation rate of our exploration fleet, as well as further expansion of our operations in East Africa, both of which are in line with our growth strategy.""We remain confident that our competitive operational model, together with our strong financial position, will allow us to continue to pursue growth opportunities in this improving market."
Good prospects for 2017 and worth a punt [link] like they are on the up.I have a put a few quid on to see what happens.Best of luck if you're in.
Great visual report on Capital Drilling Looking like a solid dividend payer [link]