Stock Quote Cabo Drilling Corp.
Cabo Banner
Request a Quote
Drilling Services Request for Tender
Newsletter Sign Up
Subscribe here to receive our latest news releases

By clicking Sign Up, you consent to receive electronic messages from Cabo Drilling Corp., including invitations to programs and events and other notifications.

printPrint PDFPDF EmailEmail


Cabo's acquisitions are now profitable, and providing cash flow. Not too much at this point, combined annual earnings before taxes around $900,000 Cdn if we extrapolate recent numbers, but I suspect these numbers will increase as drilling activity picks up with all the money raised by so many companies in the last 6 months. I suspect that a year ago, summer of 2003, when Cabo was laying the groundwork for these drilling company acquisitions, there was not nearly as much drilling being done, which skews the profit numbers lower than they might be in the future.

Link to interview


Last Updated: 08/25/2004