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

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Precision Drilling (PD.TO)

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119.16

+1.13 (0.96%)

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

117 watching

DON'T BUY

(Market Call Minute) Look for something with good off shore capabilities.

HOLD

(Market Call Minute.) Most of the oil/gas service stocks are facing a challenge. Stock ranks in the middle of his database.

COMMENT

There is a lot of nervousness around oil fields services and drillers in particular. The gas price obviously does not help. Also the oil drilling cycle is coming to an end. Be careful.

BUY ON WEAKNESS

(Market Call Minute.) Love the name longer-term. This is a trading stock, not in investing stock. Thinks you will see this below $7 at which point it would be a table pounding Buy.

BUY

Likes it. Prospects for drillers will be particularly strong. Have been upgrading their drilling fleet. Day rates are going up for the rigs that they have. They are at a reasonable multiple. One of the larger public drillers that you can buy in Canada.

WATCH

Prospect is good but short-term headwinds. Poor Nat Gas prices short term, impacting cash flow of many companies. There is a strong perception that there will be cuts in cap-x spending later in the year. Watch it for a quarter of two.

BUY

Drillers are starting to recover a little bit. Had a rough January when the natural gas price dropped so dramatically. Stock has been coming back since then. They've moved aggressively into the US, which have more oil/gas opportunities for them. (Be his 1st pick.)

BUY

(Market Call Minute.) Has a lot of brand-new rigs and is a leader in its space.

BUY

There is a large cutback in the natural gas drilling which has had an effect on the stock price. Represents pretty good value at under $10 and could be well up in the mid teens in the next few years.

BUY

Has pulled back significantly in price and represents extremely good value. Expects to see drilling activity pick up over the next 6 months or so. Day rates are getting better for drilling equipment.

COMMENT

Likes the overall trend in terms of a pickup in activity and how this company plays into it but more of a fan on pure service companies rather than the drillers because of the needs for fracing as opposed to drilling. Well-positioned.

DON'T BUY

Fantastic company with a terrific suite of assets. Doing very well in this environment with all the drilling for natural gas. Have concerns about where natural gas is going in the future. Reserves are off the charts, storage is off the charts and the price is low. Too volatile a sector for him.

TOP PICK

Tremendous amount of confusion and misinformation on spending for 2012. Also concern about margin erosion in the US. Even in the worst case scenario the stock is more than discounting this. Trading at 4.3X cash flow while the historical is 5 to 9 with a long-term average of 6.5. If you knock it down to 6, it is a $17 stock. Strongly good balance sheet.

DON'T BUY

A leader in oil/gas drilling in North America. Feels that oil prices will be dropping. There will be another cycle to own the drillers. They will start to bottom before oil and that will be the time to buy.

BUY

Service weighting in his fund is now 17%. Market has pummelled this area. CEO is seeing no slowdown in business. Trades at 4.1X 2012 EBITDA where the historical average is 6.1X.

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Precision Drilling (PD.TO)