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

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Daily Stock Opinions and Ratings

Precision Drilling (PD.TO)

119.16

+1.13 (0.96%)

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

117 watching

WEAK BUY

These stocks have not participated in the recovery. Prefers TCW.

DON'T BUY

Fairly significantly exposed to natural gas. 20% of their shallow rigs are not drilling. No dividend. Looks like it will be struggling for a while.

PAST TOP PICK

(A Top Pick Nov 11/09. Down 1.23%.) Sold his holdings.

DON'T BUY

Cardium, Monte frac and US frac plays have been very active but unfortunately, conventional wells have not been doing as well. Will depend on the commodity price.

COMMENT

This would be his preference in their sector because of their size, exposure to both the Canadian and US drilling markets. Will be a long time before it gets back to the $25-$30 level.

DON'T BUY

Not his favourite in the drilling. He would prefer the horizontal (fraqing) drillers. Generating decent cash flow. Less money is going into natural gas now.

SELL

Rig count peaked at 1600 and she thinks 900-1000 will be sufficient because horizontal drilling gives 3 or 4 times more production than vertical. Earnings are coming down. Could be a quick trade but she wouldn't hold it.

HOLD

Likes the drilling companies but we need a little more evidence of the global turnaround to really get going.

WEAK BUY

Doesn't think there is a lot of upside in this one. Cheap and can ultimately go higher but in the drilling sector you want to be in things that are growing fast such as fraqing and shallow drilling plays. Gives a decent yield and valuation is relatively cheap.

BUY

Oil service industry has not been robust in the last couple of years but going forward it should be in a better position. Likes it going forward for the long-term but would like it cheaper than what it is. If you have a three-year outlook, you could buy it today.

TOP PICK

Oil patch is coming back and natural gas prices are strengthening so the well drilling business is on its way back. Have great financing. Has another huge leg up in it.

COMMENT

Did reasonably well in the last 7-8 months. A little bit of upside left to go. Good news is integration of Grey Wolf acquisition, updating its fleet with deeper rigs and have a lot of assets in the West. Has a little bit of room to go but he is sceptical about natural gas prices holding beyond the next few months.

BUY

Likes the oil/gas service sector and this is the largest public company. Sector has been ignored but with the pickup in natural gas this is a great way to play the resurgence.

SELL

(Market Call Minute.) Very poor potential. No income because they cut their pay out.

DON'T BUY

No longer pays distributions. Concerned about natural gas long-term and he is avoiding natural gas drilling stocks.

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