Feb 21st 2013 - Edison Investment Research today published a report on Greka Drilling (GDL.L, LSE:GDL, LON:GDL) entitled "Increasingly Positive Outlook". In summary, the report says:
Greka Drilling’s (GDL) news flow has been highly bullish of late reflecting a major breakthrough into the third party unconventional drilling market in China. Clearly this is testimony to GDL’s increasingly recognised technical capabilities in challenging drilling applications. GDL is emerging as one of the foremost players in China’s rapidly evolving unconventional drilling market. Given the government’s desire to tap China’s considerable shale and tight gas resource base combined with GDL’s technical strengths, we believe the outlook both near and long term is highly positive.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »