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

For the long-term perspective, this is a good entry point. Made a big acquisition last year, possibly at the worst time, but it expanded their exposure outside of Canada with some international. Drilling had a severe decline because of natural gas prices. She thinks, longer-term, natural gas prices will recover and drilling activity should improve.

BUY

(Market Call Minute.) Has been awful because people have not been drilling wells in North America but it has bottomed out and the volume will start to increase.

COMMENT

Would be wary. Debt load went up in 2008 giving them a huge debt load but they seem to be dealing with it well. Risky but might be worth it.

DON'T BUY

Recently did a very dilutive equity issue and debt levels have come down. Short-term outlook for natural gas drilling is not very good. Questions management decisions. Expect there will be a better time to buy this.

BUY ON WEAKNESS

Got sufficient financing but now has to wait out the low level of drilling activity to start moving back up again. Great equipment and a very strong market presence. Expecting a corrective phase through the summer.

COMMENT

Still cautious on the drilling outlook. Doesn't have a lot of upside potential on it. The big issue with them is the mountain of debt they acquired to make acquisitions. Also did a fairly dilutive equity deal to help pay down the debt.

BUY

Drillers have had a terrible time but with oil at $70 you will see more activity. Very volatile area. Likes the stock.

DON'T BUY

Oil services have been extremely distressed. Not sure that market is likely to pick up that quickly.

WAIT

A little bit early for the oilfield service plays. Expect there will be a little bit of weakness going through the summer, which would be a better opportunity. Longer-term it is well positioned.

DON'T BUY

When there is this much capacity and drilling has come off this much, the leverage is actually with the E&P company. The whole market has to tighten up before the drillers actually get the margin on their side. Prices will still come down on the drillers. Drillers lag the industry by 2 years.

DON'T BUY

(Market Call Minute.) Too much financial leverage. A commodity cyclical with a bad balance sheet.

BUY ON WEAKNESS

We are in the spring break up when demand is at its lowest level. No reason to be chasing the stock right here.

WAIT

Recently did a very significant financing with Alberta. Much better shape than 3 months ago

DON'T BUY

Bad outlook for 12 months. Doesn’t suggest this. Distribution is not coming back any time soon.

HOLD

Had a nice run. Bounced back in what looked to be like a death watch on it. The challenge is, it is gas weighted.

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