Union Drilling, Inc. (MM) (UDRL) 銘柄情報

Something's moving UDRL up nicely today.

Looks like Union Drilling Inc. (UDRL) has some promising signs with their 3Q results and earnings. Especially compared to the 3Q year ago. The words has not gone out yet.

Is anyone watching this stock today?

Union at the start of a short-term buy signal...

Possible triple bottom forming on weekly charts in iBox.

Union cheaply valued relative to its peers...

P/E Ratio: 10.54

P/E Ratio vs. Industry: 66.68%

P&F price objective is 21.23. A 40% increase from today's close...

Union Drilling to Present at the Bear Stearns Global Oil & Gas Conference
6:00a ET March 14, 2008 (PR NewsWire)
Union Drilling, Inc. (Nasdaq: UDRL) announced today that Chris Strong, President and Chief Executive Officer, and A.J. Verdecchia, Chief Financial Officer, will present at the Bear Stearns Global Oil & Gas Conference being held March 19-20, 2008 in New York City.

Union Drilling's presentation will be webcast live on Thursday, March 20, 2008, at 9:10 a.m. Eastern Time. To listen to the live audio webcast and view Union Drilling's presentation material, visit the Company's website at http://www.uniondrilling.com under the "Events and Presentations" section. A replay of the presentation will be archived on the website shortly after the presentation is concluded.

About Union Drilling

Union Drilling, Inc., headquartered in Ft. Worth, Texas, provides contract land drilling services and equipment, primarily to natural gas producers, in the United States. Union Drilling currently owns and markets 71 rigs and specializes in unconventional drilling techniques.

Contacts: Union Drilling, Inc. Christopher D. Strong, CEO A.J. Verdecchia, CFO 817-735-8793 DRG&E Ken Dennard / Ben Burnham 713-529-6600

SOURCE Union Drilling, Inc.


http://www.uniondrilling.com

14-Mar-08 BMO Capital Markets Upgrade from Market Perform to Outperform.

I'm looking for Union to fill the gap from earlier this month...

This driller closed at an all-time high today...

Went on a short-term sell last Friday...

Insiders' Transactions Summary
# of Buys, # of Sells, Shares Bought, Shares Sold, Net Change in Shares

Last 3 months 0 0 0 0 0
Last 6 months 2 0 7,000 0 7,000
Last 12 months 2 13 7,000 404,745 -397,745
Source: First Call / Thomson Financial

MarketGrader currently has a BUY rating on UNION DRILLING INC (UDRL), based on a final overall grade of 76.7 scored by the company's fundamental analysis. UNION DRILLING INC scores at the 98th percentile among all 5442 U.S. listed equities currently followed by MarketGrader. Our present rating dates to March 10, 2006, when it was upgraded from a SELL. Relative to the Oil & Gas Drilling sub-industry, which is comprised of 20 companies, UNION DRILLING INC's grade of 76.7 ranks seventh. The industry grade leader is NOBLE CORP (NE) with an overall grade of 88.2. The stock has performed poorly in the last six months in relative terms, down 6.22% compared with the Oil & Gas Drilling sub-industry, up 2.36% and the S&P 500 Index, up 7.58%.

UDRL -Union Drilling, Inc. Announces Pricing of Initial Public Offering of Common Stock
Monday November 21, 10:44 pm ET


BRIDGEVILLE, Pa., Nov. 21 /PRNewswire-FirstCall/ -- Union Drilling, Inc., a Delaware corporation (Nasdaq: UDRL - News), today announced the pricing of its initial public offering of 8,823,530 shares of common stock at a price of $14.00 per share, half of which are being sold by the Company and half by selling stockholders. The Company's controlling stockholder has granted the underwriters an option to purchase up to an additional 1,323,530 shares of common stock to cover over-allotments, if any. The Company will not receive any proceeds from the sale of shares by the selling stockholders.


The Company intends to use the net proceeds from the offering to repay indebtedness under its revolving credit facility (approximately $52 million as of November 18, which was incurred primarily to acquire Thornton Drilling Company, to acquire eight rigs from SPA Drilling L.P., and to acquire additional drilling rigs), approximately $5 million to upgrade its drilling rig fleet and purchase related equipment, and the balance for general corporate purposes.

J. P. Morgan Securities Inc. is acting as sole book-running manager and Jeffries & Company, Inc. is acting as joint-lead manager for the offering. Bear, Stearns & Co. Inc. and RBC Capital Markets Corporation are serving as co-managers. Copies of the prospectus relating to the offering may be obtained from J. P. Morgan's Prospectus Department, One Chase Manhattan Plaza, New York, New York 10081 (telephone 212-552-5164).

Union Drilling, Inc., headquartered in Bridgeville, Pennsylvania, provides contract land drilling services and equipment, primarily to natural gas producers, in the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.

Cautionary Note Regarding Forward-Looking Statements

The above statements include forward-looking statements and are subject to risks and uncertainties. Forward-looking statements give the Company's current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. The statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.

All statements other than statements of historical facts included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements.

These forward-looking statements are largely based on our expectations and beliefs concerning future events, which reflect estimates and assumptions made by the Company's management. These estimates and assumptions reflect the Company's best judgment based on currently known market conditions and other factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond its control.

Although the Company believes its estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond the Company's control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this release are not guarantees of future performance, and the Company cannot assure any reader that those statements will be realized or the forward- looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to the factors listed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections contained in its filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. These cautionary statements qualify all forward-looking statements attributable to the Company or persons acting on its behalf.