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

Not an expert on this specific driller, but his view on oil is very positive and this stock, along with other drillers, service companies, etc. will follow the price of oil.

DON'T BUY

Cyclical. Natural gas prices are fairly weak and a lot of oil companies are cutting back. May not be the best time to be in a Canadian driller. International companies like Schlumberger (SLB-N) do well when oil prices stay high.

HOLD

A great company. Drilling activity in Alberta will come back. Cheap on a price/cash flow basis. First-class yield.

WAIT

Would have no trouble converting back to a corporation if needed. You have to keep an eye on the drilling activity in the Western Basin is well as in the US. If the royalty trusts, that are active drillers, are not allowed to expand it could slow drilling activity.

SELL

One of the leaders in drilling and services space, but will probably want to cut its distribution to clean up its balance sheet and maybe prepare to convert back into a corporation.

DON'T BUY

In response to dramatically higher costs for oil/ga drilling and services, as well as lower commodity prices, exploration spending has been cut substantially. Prefers the companies that own the reserves.

BUY

Service companies are a lot more volatile than oil and gas companies. When oil prices are strong, these companies do well because of higher cash flows. Volatile.

COMMENT

Because of the new trust taxation, smaller companies have cut back on the drilling. This is the largest, so it will be hurt the most. Yield of 13%. This sector has a lot of volatility.

WEAK BUY

A lot of operating difficulties going into 2007 for the drilling sector. You will get paid as a unit trust over the next couple of years. Cautious on this sector.

BUY

Has pretty good profit growth. An interesting speculative opportunity now. Likes the underlying fundamentals.

DON'T BUY

This was not an income trusts that he liked anyway. As it is in the cyclical area, it was expected to be volatile.

HOLD

Company had other problems as well, with the fall of natural gas prices. Given the Capital Expenditures cuts by some of the expiration companies, their cash flow was destined to decline anyways.

BUY

The longer-term outlook is quite positive based on today's price. Trading at, or slightly below their corporate peers. Their short-term fortunes are going to be determined by the price of gas.

BUY ON WEAKNESS

Very good 3rd quarter results, slightly above analysts expectations. Some concerns on a possible distribution cut next year. Conservative management. By on weakness.

DON'T BUY

Expects cutbacks in drilling programs over the next year. As one of the largest, but older fleets out there. As companies cut back their drilling, they will move newer and better drilling rigs on to their properties.

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