Patterson-UTI Energy Inc (NAS:PTEN)
$ 7.68 0.16 (2.13%) Market Cap: 2.99 Bil Enterprise Value: 4.20 Bil PE Ratio: 0 PB Ratio: 0.84 GF Score: 55/100
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Patterson-UTI Energy Inc at Credit Suisse Energy Summit Transcript

Feb 12, 2019 / 07:45PM GMT
Release Date Price: $13.47 (+3.14%)
James Knowlton Wicklund;dit Suisse AG
CrÃ;Research Division - MD

© -

Okay. Let's get started. Ryan, can you shut the back door for me, please? Patterson-UTI is one of the top-tier drilling contractors, though they're not just a drilling contractor anymore, they're a full-service company. I remember back when they were a gas -- a metro gas services company. I have actually known this company for -- I actually took UTI public and was with Mr. Siegel when he went and bought it from Bear Stearns.

I've known these guys for a long time. Andy came in as CEO several years ago; Mark Smith over here is the Chief Financial Officer; Mike Drickamer is hiding in the back, he's Investor Relations. Mike is the one who invented the term super-spec rig, just so everybody knows. I consider Andy one of the best CEOs in the business. He is knowledgeable, straightforward and honest and credible in this business matters a lot. So he can blush for a second, but I'm serious about that.

Patterson is primarily a land drilling contractor, though they have directional drilling. They have

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