Precision Drilling (PD.TO) Buy, Sell or Hold

Precision Drilling (PD.TO)

119.16

+1.13 (0.96%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

117 watching

BUY

Very good buy. Operating rates have been a bit lower but there has been some firming up in the day rates. Has potential for some positive gains over the next few years. Drilling activity will pick up. Well exposed in the US and Canada.

WATCH

With all the drillers being in the tank, they are trading quite cheap. Doesn’t think it is time to spring yet. Going into 2013, he would like to see natural gas move back up to $3.50 level plus and oil back up to $95-$100 with the hope that these prices would stick.

COMMENT

(Market Call Minute.) Has bought in the last 2-3 months and will continue to hold.

HOLD

One of the leading oil/gas drilling companies in Canada. Have a big US business now making them at bit more diversified. There is been some concern with the pullback in oil and weak gas prices. Good long-term company to hold.

DON'T BUY

Have been beaten up and in fact he was hoping they would go lower. What we are finally seeing is separation between the dividend payers and the rest. He is looking at more of a pull back short term.

COMMENT

Rather than leaning towards the drillers, he prefers some of the technology companies within the drilling space such as Pason Systems (PSI-T) or Computer Modeling Group (CMG-T). These companies have a lower beta then the drillers but are still tied to that end industry.

COMMENT

Doesn't have the dividend, but it does have a bond that yields about 7% that you could buy. Thinks the stock is good for a trade. All drillers have been beaten up a lot. He would prefer Western Energy Services (WRG-T) which is the most modern drilling fleet in Canada.

HOLD

Very cheap. In a down market, the highest Beta companies are service ones because if commodity prices are decreasing, people are fearful that CapX plans are going to be cut. Balance sheet looks really good.

TOP PICK

Oil prices have dropped precipitously recently. Investors have feared CapX budgets would be cut back and drilling activity would become less but beginning to see day rates stabilize a little. Should be good capital appreciation over the next couple of years.

DON'T BUY

It’s a tough business. Spring breakup was bad. Drilling for Nat Gas was poor. Book value is not far from where we are. You want to own it in the long term. You may see a price below $5

WAIT

Wait. There are several catalysts over the next 6 months including Europe and the US. It’ll probably be cheaper. Once things turn, this will take off, particularly the drillers.

HOLD

This is around the time of year when gas/oil services stocks bottom out. Moving into Sept, Oct and Nov these will come back to life. Great company.

HOLD

(Market Call Minute.) Well-managed. Biggest driller in Canada. Caught in a cyclical downdraft.

COMMENT

Well run company. Cyclical. You could buy it at these levels but alternatives that do pay dividend would be Canelson Drilling (CDI-T) or Western Energy Services (WRG-T). They also both have the newest, efficient, low-cost rigs.

WAIT

He is more concerned about the turn of natural gas because when that happens, the drillers are going to have some pretty good moves. Keep it on your radar screen but it is too early right now.

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