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

Biggest driller in Canada, but the utilization of this industry is down to very low levels. Has quite a debt load. Stock will languish until there is a recovery in gas prices. Will be a survivor.

WAIT

Think they will survive and there will have to be a lot more drilling done. Chart indicates it is bottoming. Entry point would be a little further on when the worst of the recession is over.

DON'T BUY

A premier player and will do well once drilling activity picks up. More bullish on oil itself and the big internationals such as Talisman (TLM-T), Nexen (NXY-T), Suncor (SU-T) and Canadian Natural Resources (CNQ-T). Drilling sector will lag. (See Top Picks.)

WAIT

If you have a long-term horizon, drilling will pick up at some point. It has to come back. Probably not a bad time, but when will there earnings show? Thinks it's still early.

DON'T BUY

Doesn't like the drillers because nobody wants to drill with the low oil price environment. There is also a surplus of natural gas.

DON'T BUY

Outlook is not great in the short term for drillers. Natural gas prices have to start to appreciate than the producers have to decide to drill more wells. Things should be improving by next year.

DON'T BUY

(Market Call Minute.) Stay away from the drillers.

HOLD

Present management is expanding the company again. It should be all right, but you are waiting for a cycle return on the whole oil services sector.

SELL

(Market Call Minute.) Balance sheet issue. Need to refinance.

DON'T BUY

Drilling activity has come to a virtual standstill and outlook is weak. Made an acquisition of Grey Wolf at a very healthy price and terms of the debt are quite restrictive. If you own, you might want to hold for a couple of years until the drilling cycle comes back.

DON'T BUY

Timing of the acquisition of Grey Wolf (GW-A) was unfortunate. Cut their distribution. Oil service companies are high beta oil companies and oil companies are high beta. A lot of volatility.

DON'T BUY

With the decline in oil prices, there will be massive cutbacks in capital expenditures, which will impact drillers.

BUY ON WEAKNESS

(Market Call Minute.) Look for an opportunity to buy but don't be in a hurry. Cheap.

SELL

This is a company that he would not be in at all. It is so sensitive to the cap X of the energy companies. Thinks it will be a few years before this one returns to its former levels.

COMMENT

Trading at about a 50% haircut to its replacement value for its rigs. 17.9% yield. Not overly bullish on many of these service companies.

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