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

DON'T BUY

If you own, you are getting close to the point where you can average down. Wait until you see some signs of natural gas basing. That could be as long as a year from now.

WAIT

Looking at this one very closely. Have cut distributions twice. Canadian drilling has been very bad. 3% of their rigs are in the US, but has accounted for 17% of their EBITDA. Outlook for earnings is very poor and the earnings are very close to the distribution.

WAIT

Had a big drop and the prices are starting to look attractive again. Very Conservative payout ratio. Would wait to see where gas prices are going.

HOLD

Softer natural gas prices have decreased drilling activities. This company will have the most upside should this cycle change.

BUY

The oilfield services have been beaten up and are trading near their bottoms. Good entry point and the support is strong. Not a lot of volume right now. Exit if it goes below $25.

DON'T BUY

His model price on this is $35.60 giving a 30% differential, which will disappear in 2 years, so are trading at what their future earnings are. (See “Today’s Commentary”.)

DON'T BUY

Foreign exchange is moving against them. Be cautious on this name. Good long term hold, but don't be in any rush to jump in.

WAIT

He likes it. It's suffering along with all the other drilling companies. Thinks it will pick up next year.

BUY

Has been hit by a 20% drop in utilization rates for all of the drillers. This one is the 100 lb. gorilla with a 30% market share. With a normalized winter, they should be a pickup in drilling activity. Could be a consolidator and continue to grow their market share.

WAIT

A play on natural gas. Current price is displaying some optimism in the market. Don't look for good news out of their quarterly reports until this winter. Price has gone up on speculation about M7A activity. All the good news is fully factored in. Wait for the summer doldrums.

HOLD

In the US they have not backed off drilling, while in Canada they have.

DON'T BUY

He exited the oil service stocks over a year ago. Not sure that it's the time to jump back in yet.

BUY

8% yield. Thinks there's one more leg down in the drilling stocks. Trading at a discount to their replacement value. Good time to buy when investors don't like the oil sector.

COMMENT

Has been hammered recently with the decline in capX spending. There have been signs of life. 2nd and 3rd quarters tend to be weak historically. He is not doing anything on oil/gas trusts until the rules on taxation are clearer.

HOLD

In the oil field service space. Expecting the weakness in this sector will continue until the 4th quarter and 1st quarter of next year. Relatively clean balance sheet.

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