|Company name||Union Drilling, Inc.|
|Live stock price||[stckqut]UDRL[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=udrl
Union Drilling, Inc. (Union Drilling) provides contract land drilling services and equipment, primarily to natural gas producers. In addition to the Company’s drilling rigs, it provides the drilling crews and most of the ancillary equipment needed to operate its drilling rigs. As of December 31, 2010, the Company operated a fleet of 71 marketed land drilling rigs. The Company focuses on operations in selected natural gas production regions in the United States, primarily the Fort Worth Basin in North Texas, the Arkoma Basin in Oklahoma and Arkansas and throughout the Appalachian Basin. It does not invest in oil and natural gas properties. The Company markets its rigs to a range of customers, who are principally independent natural gas producers.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable.