This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pioneer Drilling CEO Discusses Q4 2010 Results - Earnings Call Transcript

Pioneer Drilling Company (PDC)

Q4 2010 Earnings Call

February 17, 2011 11:00 am ET

Executives

Lisa Elliott - Investor Relations, DRG&E

Stacy Locke - President and Chief Executive Officer

Lorne E. Phillips - Executive Vice President and Chief Financial Officer

F.C. Red West - President of Drilling Services

Joe Eustace - President of Production Services

Analysts

Christopher Butschek – Raymond James

Brian Uhlmer - Global Hunter Securities

John Keller - Stephens Investment Management

John Daniel - Simmons & Company

Judd Bailey - Jefferies & Company

Presentation

Operator

Good day ladies and gentlemen, thank you for standing by. Welcome to the Pioneer Drilling’s Fourth Quarter Earnings Conference Call. During today’s presentation all parties will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator Instructions) This conference is being recorded today, Thursday, February 17, 2011.

I’d now like to turn the conference over to Ms. Lisa Elliott with DRG&L, please go ahead ma’am.

Lisa Elliott

Thank you, and good morning, everyone. Before management makes their formal remarks, I do have a few items to cover. First, a replay of today's call will be available and can be accessed by via webcast by going to the Investor Relations section of Pioneer's website and also by telephone replay. You can find all of the replay information in today's news release.

Information on this call speaks only as of today, February 17, 2011, so any time-sensitive information may no longer be accurate as of the time of any replay. And during the call today, management may make forward-looking statements that are based on its beliefs and assumptions and information currently available to them. Although management believes the expectations in these statements are reasonable, they can give no assurance that they will prove to be correct. The statements are subject to certain risks, uncertainties, and assumptions that are described in this morning's release and also in the most recent filings with the SEC. Should one or more of these risks materialize or should underlying assumptions prove to be incorrect, actual results may differ materially.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs