drilling News & Analysis
2 articles
Market Mood
Patterson-UTI (PTEN) Q1 2026 Earnings Highlights and Market Outlook
Patterson-UTI (PTEN) held its Q1 2026 earnings conference call on April 23, discussing their operational focus on delivering high-quality services to support customer efficiency. The company highlighted the importance of U.S. shale production amid geopolitical risks impacting oil supply. They expressed confidence in their ability to capture value from a rising U.S. rig count. However, they acknowledged the unpredictable pace of recovery in drilling and completion activity necessary to sustain oil production levels.
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Royal Road Minerals Resumes Drilling in Colombia with C$0.60 Price Target
Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) has restarted drilling in Colombia, focusing on its Güíntar gold-copper-silver project, which covers 1,840 square kilometers. New results include drill holes returning 418 meters at 0.6 grams per tonne gold equivalent and 176 meters at 1.2 grams per tonne gold equivalent. Research firm SCP Resource Finance maintains a 'buy' rating with a price target of C$0.60, compared to the current share price of C$0.19. The company is preparing to mobilize drilling at its El Molino target, influenced by the upcoming May 2026 election in Colombia.
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