UPDATE: BMO Capital Markets Terminates Coverage on Union Drilling

In a report published Wednesday, BMO Capital Markets terminated its coverage on Union Drilling

. BMO Capital Markets noted, “We are discontinuing coverage of Union Drilling following the successful tender offer by Sidewinder Drilling to acquire UDRL's shares. The shares are now delisted. Shares of Union Drilling have been rated Market Perform since September 24, 2012. Investors should no longer rely on BMO Capital Markets research for an investment opinion on Union Drilling.” Union Drilling closed on Tuesday at $6.55.