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本帖最后由 xxtrader 于 2009-4-22 08:08 编辑
修正修正。刚才看错了，PDS,ER期望点太高，它没有BEAT 市场，以下观点不做数，大家自己看着办
- Precision Drilling Trust (PD_u.TO) on Wednesday reported lower-than-expected first-quarter earnings of 30 Canadian cents per unit, but said supply declines may begin to outpace lower demand in late 2009.
Precision, which runs about a quarter of the drilling rigs in Canada's struggling oil and gas sector, said first-quarter net earnings fell 46 percent from a year earlier to $57 million, below Reuters Estimates of 35 Canadian cents per diluted unit.
Revenue rose 31 percent to C$448 million, just below Reuters Estimates of C$454.54 million. The increase was due to the C$2 billion acquisition of U.S.-based Grey Wolf Inc last year. ($1=$1.24 Canadian) (Reporting by Andrea Hopkins, editing by Maureen Bavdek)
紧跟每个飞天板块趋势，即时大盘大跌，飞天的板块也只是小跌或不跌，逢低吸进就好了，甚至逆势反涨，风险也会小很多，如果大盘助力，嘿嘿，就等着数钱吧
附上PDS早上的ER非常强的赢利，很好的飞天前景对于所有昨天小涨和没涨的DRILLING ,OIL AND GAS的公司股票
（注意：没进PDS的同志，由于PDS再卖它的TRUST UNIT, 单价3美刀，而且量巨大，不合适追涨了，它股价已经有溢价成分，但不知道今天市场会如何追捧，反正我看追涨有风险，关注其他一些没有涨的和涨的少的去进更安全）
如下
On April 20, 2009 Precision announced a series of financing transactions with a third party to raise approximately $280 million through a combination of issuing senior unsecured notes, the sale of 35 million Trust units and issuance of 15 million purchase warrants. In addition the Trust intends to initiate a Rights Offering for approximately $103 million that will allow unitholders, to purchase Trust units at a price of $3 per unit in their proportionate ownership. The funds are to be used to refinance and restructure certain of the debt incurred in the acquisition of Grey Wolf, Inc.
CALGARY, ALBERTA -- (Marketwire) -- 04/22/09 -- (Canadian dollars)
This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release.
Precision Drilling Trust ("Precision" or the "Trust") reported a 31% revenue increase and a 15% rise in earnings before interest, taxes, depreciation and amortization and foreign exchange ("EBITDA") for the first quarter of 2009 over the first quarter of 2008. Revenue for the first quarter of 2009 totaled $448 million compared to $343 million for the same period in 2008. EBITDA was $169 million for the first three months of 2009, an increase of $22 million over the first quarter of 2008. The increase in revenue and EBITDA is due to the acquisition in December 2008 of Grey Wolf, Inc ("Grey Wolf"), an onshore drilling contractor in the United States with 123 rigs. Precision reported net earnings of $57 million or $0.30 per diluted unit for the quarter ended March 31, 2009, a decrease of $49 million or 46% compared to $106 million or $0.84 per diluted unit in the first quarter of 2008. Earnings in the first quarter of 2009 were reduced by $70 million, for a $36 million increase in interest expense and an increase of $34 million in foreign exchange losses. Net earnings per unit were also reduced by a 56% increase in the weighted average diluted units outstanding.
Precision's President and Chief Executive Officer stated: "We have completed the first quarter of 2009 as the new Precision Drilling and our results demonstrate that the consolidation of the 123 rigs of Grey Wolf and the 257 Precision rigs has been successful despite unprecedented declines in activity and customer demand in both the United States and Canada. I am especially pleased with our term contract position for drillings rigs which, combined with our recently announced financing activities, positions Precision very well as the industry goes through a dramatic reduction in service demand due to low commodity prices.
"Our first quarter operating results demonstrated the strategic value in last year's acquisition of Grey Wolf. The new Precision had an average of 107 rigs under term contract during the quarter and 73 rigs on well to well contracts across North America. This acquisition helped Precision mitigate the worst winter drilling season in Canada for the past 17 years with year over year revenue and EBITDA growth. The results speak to Precision's people, who continue to do an excellent job in integrating the two companies.
"As we move through this second quarter, the sector is experiencing record low activity levels in Canada and again, the impact is mitigated by the less seasonal nature of our expanded United States operations. The economic conditions and continuing weak commodity prices continue to drive activity down in Canada and the United States at an unprecedented rate. Despite these very challenging market conditions the benefits of diversification are clear and our customers continue to support us by honoring their contracts and taking delivery of the new rigs contracted in 2008."
附上：美国加拿大的DRILLING SEGMENTED FINANCIAL RESULTS （注：不敢说所有的公司都如此，但反应一个大环境，仅供参考，选择那只股票请慎重考虑具体公司的情况）
reported in two segments. The Contract Drilling Services segment includes the drilling rig, camp and catering, oilfield supply, and manufacturing divisions. The Completion and Production Services segment includes the service rig, snubbing, rental, and wastewater treatment divisions.
Three months ended March 31,
(stated in thousands of %
Canadian dollars) 2009 2008 Change
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Revenue:
Contract Drilling Services $ 389,879 $ 242,365 60.9
Completion and Production
Services 62,975 104,720 (39.9)
Inter-segment eliminations (4,409) (4,396) (0.3)
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$ 448,445 $ 342,689 30.9
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EBITDA:(1)
Contract Drilling Services $ 155,495 $ 115,215 35.0
Completion and Production
Services 18,548 42,139 (56.0)
Corporate and other (4,656) (10,007) 53.5
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$ 169,387 $ 147,347 15.0
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(1) Non-GAAP measure. See "NON-GAAP MEASURES".
SEGMENT REVIEW OF CONTRACT DRILLING SERVICES
(stated in thousands of Three months ended March 31,
Canadian dollars, except %
where indicated) 2009 2008 Change
----------------------------------------------------------------------------
Revenue $ 389,879 $ 242,365 60.9
Expenses:
Operating 216,105 121,305 78.2
General and administrative 18,279 5,845 212.7
-----------------------------------------
EBITDA:(1) 155,495 115,215 35.0
Depreciation 37,963 15,168 150.3
Foreign exchange gain (424) (834) (49.2)
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Operating earnings(1) $ 117,956 $ 100,881 16.9
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Operating earnings as a
percent of revenue 30.3% 41.6%
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Drilling rig revenue per
utilization day in Canada $ 18,537 $ 16,363 13.3
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Drilling rig revenue per
utilization day in the U.S.(2) US$ 25,154 US$ 22,802 10.3
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(1) Non-GAAP measure. See "NON-GAAP MEASURES".
(2) Includes revenue from idle but contracted rig days and a rig
contract lump sum payout.
Three months ended March 31,
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Drilling statistics:(1) 2009 2008
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Precision Industry(2) Precision Industry(2)
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Number of drilling rigs
(end of period) 224 869 231 893
Drilling rig operating days
(spud to release) 6,599 28,244 10,504 44,347
Drilling rig operating day
utilization 33% 36% 50% 56%
Number of wells drilled 793 3,025 1,450 5,126
Average days per well 8.3 9.3 7.2 8.7
Number of metres drilled
(000s) 1,092 4,086 1,946 6,790
Average metres per well 1,377 1,351 1,342 1,325
Average metres per day 166 145 185 153
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(1) Canadian operations only.
(2) CAODC and Precision - excludes non-CAODC rigs and non-reporting CAODC
members.
SELECT FINANCIAL AND OPERATING INFORMATION
(stated in thousands
of Canadian dollars, Three months ended March 31,
except per diluted
unit amounts) 2009 2008 % Change
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Revenue $ 448,445 $ 342,689 30.9
EBITDA(1) 169,387 147,347 15.0
Net earnings 57,417 106,266 (46.0)
Cash provided by operations 201,596 57,307 251.8
Capital spending 74,922 23,468 219.3
Distributions declared 6,408 49,046 (86.9)
Net earnings per unit:
Basic 0.32 0.85 (62.4)
Diluted 0.30 0.84 (64.3)
Distributions declared per unit $ 0.04 $ 0.39 (89.7)
Contract drilling rig fleet 380 246 54.5
Drilling rig utilization days:
Canada 7,482 11,932 (37.3)
United States 7,409 1,159 539.3
International 180 86 109.3
Service rig fleet 229 223 2.7
Service rig operating hours 64,854 111,995 (42.1)
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(1) EBITDA is a non-GAAP measure and is defined as net earnings
adding back income taxes, interest expense and interest income,
depreciation and amortization and foreign exchange.
See "NON-GAAP MEASURES."
最后提醒：注意即时套利和止损，市场震荡有很多机会重新BUY DIP.
恭喜发财 ；） |
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发表于 2009-4-22 06:51 AM
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