Drill-Bit Stock

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Dictionary Says

Definition of 'Drill-Bit Stock'

A term used to describe shares that trade for prices less than one dollar. The fractional prices are comparable to the diameter measures of drill-bits found in a hardware store.
Investopedia Says

Investopedia explains 'Drill-Bit Stock'

Drill bit sizes are described by fractions of an inch whereas drill bit stocks would be reported as fractions of a dollar. Due to the decimalization of stock prices by major stock exchanges, drill-bit stock prices are no longer seen.

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'Drill-Bit Stock'

  • Rexx Energy - A Look At The 2011 Year End Reserves Report

    http://stocks.investopedia.com/stock-analysis/2012/Rexx-Energy---A-Look-At-The-2011-Year-End-Reserves-Report-REXX-XN-WMB-UPL0120.aspx
    ... Get Free Stock Analysis By Email. ... Another cost metric released every year are a
    company's drill bit finding and development costs, which are calculated as the ...

  • Cal Dive Won't Take Your Portfolio Under Water

    http://stocks.investopedia.com/stock-analysis/2009/Cal-Dive-Wont-Take-Your-Portfolio-Under-Water-DVR0120.aspx
    ... Get Free Stock Analysis By Email. Cal Dive International is the world's largest ... This
    business is drill bit sensitive and will vary with the level of drilling ...

  • Contango Oil And Gas

    http://stocks.investopedia.com/stock-analysis/2009/Contango-Oil-And-Gas-MCF0528.aspx
    ... however, and according to the company has added 400 Bcfe of proved reserves using
    both drillbit and acquisitions for $544 million. Get Free Stock Analysis By ...

  • Drill Down On Finding And Development Costs

    http://stocks.investopedia.com/stock-analysis/2011/Drill-Down-On-Finding-And-Development-Costs-RRC-XOM-CRK-BBG0214.aspx
    ... Get Free Stock Analysis By Email. Range Resources (NYSE:RRC) provided three ... Range
    Resources also disclosed a drill bit development cost of 60 cents per Mcfe. ...

  • Oil Companies With High Reserve-Replacement Ratios

    http://stocks.investopedia.com/stock-analysis/2009/Oil-Companies-With-High-Reserve-Replacement-Ratios-CRZO-UPL-XOM-GDP1012.aspx
    ... PICTURES: How To Make Your First $1 Million. Get Free Stock Analysis By ... Organic
    replacement refers to reserves added through the drill bit by new discoveries or ...

  • Range Resources Turns In Solid 2011

    http://stocks.investopedia.com/stock-analysis/2012/Range-Resources-Turns-In-Solid-2011-RRC-CLR-BBG-CHK0127.aspx
    ... Get Free Stock Analysis By Email. ... reported an all sources finding and development
    cost of 89 cents per mcfe, and 76 cents per Mcfe through the drill bit. ...

  • Learn From Apache's Success

    http://stocks.investopedia.com/stock-analysis/2010/Learn-From-Apaches-Success-APA-DVN-SU-UPL-XOM0503.aspx
    ... I mean, if you look at stock performance over the last 15 years, Apache ... relatively
    smart about knowing when to focus on growth by the drillbit (exploring for ...

  • Statoil Buys Into Bakken

    http://stocks.investopedia.com/stock-analysis/2011/Statoil-Buys-Into-Bakken-STO-BEXP-BHP-CHK-WLL-CRED-CLR1018.aspx
    ... A Good Deal for Statoil Statoil is not the most popular stock with analysts today ...
    a better use of its balance sheet than trying to expand through the drill bit. ...

  • If You Can't Beat 'Em, Buy 'Em

    http://stocks.investopedia.com/stock-analysis/2010/If-You-Cant-Beat-Em-Buy-Em-XOM-XTO-HAL-RIG-UPL0415.aspx
    ... Get Free Stock Analysis By Email. ... company spent to add reserves in 2009, but the
    XTO deal is less risky than attempting to build reserves through the drillbit. ...

  • 5 Gold Ideas Off The Beaten Path

    http://stocks.investopedia.com/stock-analysis/2010/Five-Gold-Ideas-Off-The-Beaten-Path-GLD-ANV-NEM-AZK-IAG0916.aspx
    ... miners looking to build their reserves through the checkbook instead of the drillbit.
    IN PICTURES: 6 Simple Steps To $1 Million. Get Free Stock Analysis By ...

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