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Analyst Actions: Raymond James Reiterates "Strong Buy" Rating for Trinidad Drilling

Trinidad Drilling Ltd. (TDG.TO) shares have plunged about 40% from late July, signalling that equity markets are concerned about the future of oil and gas drilling in North America, the Globe and Mail reported.

Raymond James Ltd. analyst Andrew Bradford reportedly commented in a research note today "However, our analysis tell us that field economics remain highly attractive, and that the balance of the news flow from drillers in general, and Trinidad in particular, will be skewed to the positive."

Raymond James reiterated his "strong buy" rating and $12.50 price target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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