Monday, December 4, 2017

Another Mineral Drilling Company Reports Decent Quarterly Figures

Another mineral drilling company, Major Drilling (MDI:TO; MJDLF:OTC Markets), delivered decent 3Q 2017 results. For example, cash flow from operations (excluding working capital issues and taxes) was the highest since 3Q 2015:

source: Simple Digressions

Another sector measure, ARPOR (average revenue per operating rig), also went up:

source: Simple Digressions

The green rectangles depict boom times while the red ellipses are attributed to poor business conditions.

The yellow rectangle points to the period 2016 - 2017, which, in my opinion, is another boom time.

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