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

COMMENT

The largest driller in western Canada. Shallow rig drilling has definitely had to be cut back. Have some good deep rigs. Expect them to do a lot better in 07 and 08 than they did in 06.

BUY ON WEAKNESS

Good company. Best market share in drilling and oil/gas services in western Canada. This could work against them, as their growth trajectory is weak. $22 would be an attractive price. Ownership by Management is very small.

DON'T BUY

Not bullish on the energy sector. Drilling companies are a leveraged way to play the energy sector.

PAST TOP PICK

(A Top Pick Feb 17/06. Down 22.7%.) Drillers took quite a beating with the slowdown on the gas side as well as the government's decision on trusts. Still a Hold.

WAIT

Largest drilling contractor in Canada. Manage their business very well. Utilization rates are down in the oil patch. Wait for couple of months.

DON'T BUY

Sold off their international division and became a pure Canadian play with big emphasis on natural gas. Natural gas prices collapsed along with the stock price. This will be dependent on the future of natural gas prices. Would rather own some international drillers.

BUY

Has been beaten up because the outlook for oil services has come off substantially. Recently had a distribution cut of about 39%, which was bigger than she expected. Clean balance sheet. In a good position for when this cycle starts to turn.

BUY ON WEAKNESS

Long-term it is a great company. Natural gas primarily makes up most of their drilling activities. Has some aggressive capital expenditure plans for this year. Would buy a $23.

HOLD

Had a big cut which was more than what analysts had been looking for. The #1 player in the servicing of oil/gas rigs. Very strong company.

DON'T BUY

Not a fan of trusts, so would not invest in this. This will trade between $24.90 and $31. If there's a big rally in oil, expect it to go closer to $31.

DON'T BUY

Poor decision for them to become an income trust. Sold off international assets to become a purely Canadian drilling company and international drilling scene is more attractive right now.

DON'T BUY

He got out of the oil service companies early last year. Couldn't see a lot of new rig activity happening. With the warm winter, it is even worse in oil patch making it hard to move equipment around. Too early.

WAIT

What you have to see is a firming of natural gas prices which will then lead to a bottoming out of drilling activity in western Canada and that’s the time you jump in.

DON'T BUY

Model price is only slightly higher than the stock price. Not a fan of income trusts.

BUY

Has been quite beat up because people are concerned that activity levels are going to be lower than last year. They are in a good position to weather this storm. Good price. Utilization rates have been going up significantly. You have to watch this one in relation to commodity prices.

Showing 391 to 405 of 710 entries

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Precision Drilling (PD.TO)