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

TOP PICK

(A Top Pick May 15/06. Up 1.5%.) Good yield at 9.3%. A way to get into the oil servicing and drilling. They are booked and they are increasing their rates.

BUY

The premier energy services company in Canada. Continues to add to its fleet. Moving into the US. Very attractive yield. Good management.

TOP PICK

Has about in 8% yield. Second-quarter earnings were up about 77% due to much better weather. Feels this is a secular bull market in energy so they should be kept busy. Good long-term hold.

DON'T BUY

If the price of gas stays low for the short term, drilling will be affected. Because it is the biggest, it will be the most affected. Prefers smaller drillers.

DON'T BUY

Has recently been taking money out of this one and putting it into Trinidad Energy (TDG.UN-T). Some companies are cutting back drilling programs for shallow gas, which would hurt this company more than Trinidad.

BUY

Has dropped off with all the oil/gas trusts. Represents good value here.

PAST TOP PICK

(A Top Pick May 15/06. Down 5%.) The whole drilling sector is coming under a bit of a cloud because of the gas situation. Still likes. Nice yield.

BUY

They are finding that they are getting less gas out of each well which means they have to drill even more wells. Shortage of labour is creating some problems. Even so, they are doing pretty well.

BUY

Valuation looks cheaper than a lot of the other drillers. A lot of cash being generated in the sector. The slowdown has not been as much a focus on natural gas per se whereas a lot of the spending is slowing down.

PAST TOP PICK

(A Top Pick Feb 3/06. Down 10%.) Expect that prices will move up in the latter half of the year. Service companies are a lot more volatile than their oil/gas counterparts. The #1 driller in Canada. Still likes.

WAIT

Natural gas prices are the problem. The economics for drilling shallow gas are not as attractive as going after oil wells. Expect there will be less drilling for natural gas. He is optimistic for natural gas in the winter of 06/07.

WEAK BUY

The great thing about an oil service company is that oil companies are spendthrift. When they have money, they spend it. Good quality. Where oil stocks are volatile, this will be doubly volatile.

WAIT

Dropping basically because of the market correction. Pull back on drilling for natural gas wells will affect them negatively to some extent. Only a temporary phenomenon. Well managed, well run. There will be some good buying opportunities in the next several months.

DON'T BUY

A top quality company. Sold all its international assets. Would question where the growth would come from. Prefers Total Energy (TOT.UN-T)

BUY

Yield is in excess of 10%. You have to be prepared for some volatility in the drilling sector. He is looking very carefully at this one and will probably buy.

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