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

North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one has less risk exposure.

WAIT

Very strong seasonality. Period of strength is usually from the end of January to around May of each year.

BUY

Has been adding to his drillers at these prices. Valuation of the Canadian stocks is at a big discount to the US. With oil in the current range, drilling activities are still taking place.

BUY ON WEAKNESS

This is the rig side of drilling in he is more interested in the fracers and pressure pumpers now i.e. the specialty drillers. These would include Calfrac (CFW-T) and Trican (TCW-T), especially on pullbacks.

HOLD

All the drillers have been moving strongly. This sector looks really good right now. He prefers the fracing drillers more.

BUY

Rank very high in earnings momentum. Since April on, it has been trading in the channel of $13-$15. Currently it looks like it is getting ready to break out.

HOLD

As quality of reserves and discoveries goes down, explorers and producers need better technology and more sophisticated ways of accessing their discoveries.

PARTIAL SELL

Seems to be trading in a range of between $13 and $15. Doesn't show a lot of signs of life and volume is very low. If you own, now is the time you should consider taking profits. Wait for $14.90-$15 before going into it.

COMMENT

Oil service stocks have been leaders of the energy sector and still are. Has had an A B C correction that is now completed and the sector should work higher. Still above the 200-day. You want it take out the previous highs. Watch the other drillers to make sure they are moving too.

BUY

Good company and there is a lot of drilling going on. There are a lot of drill rigs out there. If oil continues to go down, there will be a slowdown in drilling. Feels oil is a little soft right now and it will probably head back over $100, so oil service firms are not a bad way to play this.

COMMENT

Has done a lot better this year. Some of the traditional drilling companies lagged last year. Companies doing the fracing work had the fastest growth and this has now broadened out to others in the industry. Going forward he would prefer owning the fracing companies such as Trican (TCW-T) or Calfrac (CFW-T).

BUY

Sees it going to about $20. Just bought it. Numbers look good. Model $21.68, 56% upside.

COMMENT

Staying away from the drillers right now because he sees better value in some of the producers.

COMMENT

In a nice up trend. It was a laggard. While the other oil stocks were moving this one was horizontal. Formed a nice base and has now moved up and above the 200 day moving average. Believes it has significantly higher upside targets.

DON'T BUY

Switch from Molycorp (MCP-N)? Depends on your risk tolerance. Moly is a more steady dividend payer while Precision ebbs and flows with oil field services. You typically want to Buy oil field services in November/December and Sell about now. Now coming into their worst quarter.

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