PATTERSON-UTI WKN: 905153 ISIN: US7034811015 Kürzel: PTEN Forum: Aktien Thema: Hauptdiskussion

--Technicals & Potential U.S. Gov’s “Drill baby drill” policy may push it to all-time highs. --Technical breakout of falling wedge pattern looks imminent. --Half-billion acres to be drilled by order of President-elect Trump. --AI to consume 10-20% of U.S. power by 2030 = more energy demand from U.S. assets. --50% free cash flow returned to shareholders via -$780M share buyback authorized + 48¢ dividend. -$322M free cash flow YTD, steady revenues. -Electrification trends & post-merger integration = future growth. --It has traded at this valuation as far back as 2004 when it was a shell bringing in a small fraction of today's revenue vs today. Legacy Decline & Transition: $885M goodwill write-down + asset retirement reflects the pivot. -100% institutional ownership (35% ETFs). -$700M capex ceiling. -Steady rig count w/ strong $16,140/day margins. -Exploring higher-margin intl. markets -Potential short squeeze catalyst. -Tech advancements (electric fleets) & mergers (NexTier, Ulterra). -7.7% short interest. --PUT/CALL Ratio 10.7 ratio = 450% increase. LEAPs cheap into 2027. Drilling Capabilities: Advanced APEX® rigs, directional drilling tech, wellbore navigation systems, and electronics for precision. Completion Services through NexTier: --Hydraulic fracturing, wireline ops, natural gas fueling, oilfield logistics, and cementing. --Drilling Products via Ulterra: Torque control bits, high-efficiency bits, vibration dampening, and more. This creates drilling efficiency. Gov Policy Support: -Trump supports U.S. energy dominance. -Interior nominee Burgum to boost relations. -Repeal of ND oil tax = more upside. -Focus on electric fleets and sustainability despite gas challenges.