Posts for Ticker ‘UDRL’

Union Drilling To Tap Capital (UDRL)

Union Drilling, Inc. (NASDAQ: UDRL) has filed to sell up to 15,726,540 shares of common stock in a secondary offering.  The company will sell up to 5,000,000 shares and the rest will come from existing shareholders.

It does not appear to have set which firms will handle the underwriting as of yet.

The company provide contract land drilling services and equipment, primarily to natural gas producers in the United States. In addition to its drilling rigs, it provides the drilling crews and most of the ancillary equipment needed to operate drilling rigs.

Shares closed up 1.3% at $19.80 today and shares were up 0.2% on extremely thin volume in after-hours trading. Its 52-week trading range was $10.67 to $22.09.

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Jon C. Ogg
May 19, 2008

Posted on: May 19, 2008 – 4:09 pm in Oil & Gas, Secondary Offering,

Pre-Market Analyst Calls (July 6, 2007)

BP raised to Buy at Deutsche Bank.
BRG raised target at Deutsche Bank.
CACH started as Neutral at JP Morgan.
DCEL cut to Hold at Jefferies.
HLT downgraded at Jefferies, Citigroup, and at Susquehanna.
MSFT cut estimates at D.A. Davidson.
OSG raised to Overweight at JP Morgan.
PPDI reiterated outperform at Baird.
RJF raised to Outperform at Wachovia.
RDS.A raised to Buy at Deutsche Bank.
UDRL raised to Peer Perform at Bear Stearns.

Jon C. Ogg
July 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 6, 2007 – 6:50 am in Analyst Calls, , , , , , , , , , ,