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

PARTIAL SELL

Will be looking to expand beyond North America. This is the shoulder season for energy, soul if you own, he would recommend taking some profits. If you don't own, Wait.

BUY

Well run company and lots of assets. Wouldn't be surprised if they convert back to a corporation. There is significant turnaround in the fortunes of the oil/gas drillers out west as gas prices have come up. The companies that have the equipment to do the deep drilling are going to do very well.

HOLD

(Market Call Minute.) The 800-pound gorilla in the oil patch.

BUY

One of the primary service oil companies in Canada. Price increase is a reaction the high oil/gas prices which are creating a lot more exploration. Well managed. He has been looking at this one lately.

BUY

Chart shows a very definite reversal signal. (A break out of a long-term down trend.) Will run into resistance, but not until it gets to about $27. Use a stop around $22.

WAIT

A big move today, but it hasn't been screening well. He would wait.

BUY

(Market Call Minute.) Would buy this for the recovery in the gas market.

BUY

Became an income trust at precisely the wrong time. Gas prices have declined and Alberta's royalty tax has not helped. Eventually, stocks like this get too cheap and you have to look beyond the current prices. When natural gas prices recover, this'll be great for them. Wouldn't be concerned about holding it here.

SELL

Would avoid this stock. Their plan is to increase their international business, but is primarily leveraged to Canada. Will take a while before it turns.

COMMENT

There are some hopeful signs for the natural gas industry. Inventory is starting to come down. That should help the price of natural gas a little, which should be good for the drilling companies. They have expanded their scope out of Canada towards the US where there is more activity. The stock may have hit its bottom at the start of the year.

DON'T BUY

(Market Call Minute.) It will be a bit of a rocky market for them in 2008. Wait 6 to 12 months in order to get a better picture.

BUY

Natural gas inventories are coming down and activity is picking up this winter. Thinks that all the energy service companies are being beat up too much.

HOLD

If you have a 3-year target, this is a good buy. There is not going to be a pickup in drilling until there is a sustained natural gas price of $7 or more. He thinks this is a year away. Good yield while you wait.

BUY

Service sector always gets hit the hardest but has the most potential for major wins/losses. Very capital-intensive. In this sector, the drilling rig sector would be considered high beta in that they go down and up the most. You want to own these at the beginning of the upturn.

HOLD

Drilling will slow down because of weak gas prices. Thinks distribution is safe. Wouldn't buy at this time.

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