Greka Drilling (LON:GDL) - Increasingly positive outlook
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.
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