Major Drilling Group International Inc…

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Major Drilling Group International Inc (MDI.TO)

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15.27

-0.56 (3.54%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

46 watching

BUY

Slightly recovered since 2008. A lot of companies have been able to come to market and raise capital.

HOLD

He doesn't own any drilling stocks. As economy recovers and more resources are needed, drilling companies will do better. Would prefer Trinidad (TDG-T) because of the yield. Use a stoploss at the 50-day moving average, but once you see the market rollover, exit and take your profit.

DON'T BUY

A bellwether for the metals and mining sector. Chart shows it running up from 2005 through 2007. Came down through 2008. A lot of the metals stocks have retraced 60% or 70% but has not occurred with this stock. Chart shows relative weakness to its peer group. Postpone the purchase, at least through the summer.

BUY

Historically was between $30 and $50 during the commodity bull run and if we get that back in the next 3 years, you'll probably have a double.

COMMENT

(Market Call Minute.) A Hold at best because it is going to be 6 months before it goes.

DON'T BUY

Very well positioned company. He is fairly cautious on the base metals segment. Even in an economic recovery, base metals will likely be the last to move up.

SELL

There is no rush to buy as it will lag out the economy. Drilling companies are going to be under some pressure. All the majors are cutting back on the exploration side of things.

BUY

(Market Call Minute.) Tied to the base metals sector. Normally goes up from October to April each year.

HOLD

Good company but with the state of capital markets in the US and a pullback in metal prices there could be some downturn in drilling.

BUY

(Market Called Minute.) Very special company.

BUY

(Market Call Minute.) Global drilling for mines. Earnings growth is in place.

TOP PICK

If you are skittish about commodity prices or the risks to mining, this is a way of participating in the resource boom. 2nd biggest contract driller in the mining business in the world. Over 500 rigs in 20 countries. Specializes in harder more challenging drilling where the margins are better.

BUY ON WEAKNESS

Drillers for mines (not oil/gas) are doing extremely well. Not enough people or equipment. Pricing is going up at a very good rate. Made $2 a share in earnings. Stock is no longer cheap at 23 X trailing earnings, but earnings are still going up and will probably make $2.50-$2.75 in 2008. Stock has to consolidate. Buy below $40.

DON'T BUY

Doesn’t own very much in oil services right now. Prefers his exposure in the energy companies themselves. Not cheap.

SELL

Largest hard rock driller in the world. With commodity prices so strong and lots of exploration going on, it has been an amazing business to be in. If you own, he would take some profit.

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Major Drilling Group International Inc (MDI.TO)