Viewing Company Precision Drilling | StockChase
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Compiling comments that experts make about stocks while on public TV.

Precision Drilling Stock Symbol: PD-T

Notes:Drilling Equip

Last Price Recorded: $6.7500 on 2017-02-22

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Date Signal Expert Opinion Price
2017-02-16 DON'T BUY David Baskin

(Market Call Minute) It is too cyclical.  If the oil price goes up, everybody drills, and if it goes down the drills are retired. 


Price:
$7.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-01-31 COMMENT Eric Nuttall

Trades at a premium multiple because it is one of the few actual liquid service names in Canada. We have a big service sector, but so many of them are small companies. He is more bullish on the pumpers than he is on the drillers. On the drillers, there is a lot of excess capacity in equipment.


Price:
$7.320
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Unknown
2017-01-20 COMMENT Don Vialoux

Historically, oil service stocks as well as Canadian energy stocks, reach a very important low early next week. And then they have a very good seasonal trend right through until at least the middle of April. Next week we start the period of seasonal strength just as the stock is establishing an intermediate upward trend. Continue holding the security, and on a break out, buy some more.


Price:
$7.740
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Unknown
2017-01-12 COMMENT James Telfser

His energy outlook is quite bullish. A lot of the skepticism around OPEC will come to pass, and that is what is really holding back the oil price. Doesn’t think it is unrealistic to see a $60-$65-$70 barrel of oil this year. There is a reason why OPEC wanted to cut production out of left field, as they felt it was really important with non-OPEC members. They want the price to normalize. This is one of the names with more torque. If you think oil prices are going to hit $60-$65, this one is still cheap and has a lot of upside.


Price:
$7.340
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-04 COMMENT Craig Porter

Drilling services. As the price of oil rises, exploration companies are going to start drilling again. A lot of service companies’ pricing has been really hurt over the past couple of years. This is now a turnaround time where these companies are going to be able to start increasing their prices. This also has exposure to the US, which will take some of the seasonality out of it.


Price:
$7.770
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
No
2016-12-20 BUY Peter Imhof

This stock has done well over the last 6 months.  The stock has moved up when they have not come out with great results.  People are anticipating something.  It is quite liquid so it is easier to trade.  He likes to hold things for about 3 years.  The recovery in the energy sector will benefit them.


Price:
$7.440
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
2016-12-06 COMMENT Mason Granger

The oil rig count dropped from 1600 down to 400, and even to 300 at one time. We are now down about 70%. It’s a very countercyclical Buy to start looking at a driller here. A signpost on getting constructive on energy service names, particularly the drillers, is the return on pricing power, and he is starting to see that. Feels they have the highest quality rig fleet, and would be the 1st call if producers are going to accelerate capital programs.


Price:
$7.370
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
No
2016-12-02 COMMENT Fabrice Taylor

One of Canada’s leading drilling companies. It looks like energy is coming back. Pick axe companies really move, and he thinks you are in the early stage. Thinks OPEC is going to move the price higher and this is a good time to be buying energy services.


Price:
$7.400
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 WATCH Michael Simpson, CFA

Oil service companies need the right timing.  They have to have solid balance sheets.  Over the last couple of weeks there has been a run on these companies so hold on.  He does not know how many more rigs will be put to work.


Price:
$6.220
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2016-09-15 PAST TOP PICK Daniel Lloyd

*SHORT* (Pairs trade with a Long on (SES-T).  (Top Pick July 5/16, Up 24.70%) With commodity dependant names he feels it always makes sense to pair them.  He has taken his short off.  He still feels they are in a bit of trouble here.


Price:
$4.970
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
No
2016-07-05 TOP PICK Daniel Lloyd

*SHORT* (Pairs trade with a Long on Secure Energy Services (SES-T). Their debt to EBITDA is north of 6% at the moment, and there is an absolute glut of rigs in North America that are idle. This will lose pricing power, because as rigs come off contract, they are being renewed at much lower rates.


Price:
$6.760
Subject:
CANADIAN
Bias:
BEAR
Owned:
Yes
2016-06-15 HOLD Bruce Campbell (1)

(Market Call Minute.) The best of the drillers. If you don’t own, make sure oil doesn’t retreat to $40 before buying.


Price:
$6.600
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-06 DON'T BUY Stan Wong

Drillers and oil services are the very leveraged part of the oil space.  It is the most aggressive and that is reflected in the share price movement.  He would prefer CPG-T or CNQ-T, or pipeline & infrastructure names.  If you are bullish on oil over the next little while you might want to use PD-T to play it.


Price:
$5.480
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-28 TOP PICK Michael Sprung

He believes they will be a survivor.  They spent the last number of years upgrading their drilling rigs.  You have the potential to make a great deal of money when this industry changes.


Price:
$5.490
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-12-31 DON'T BUY Eric Nuttall

Even if oil increases to $55-$60, the increase in cash flow from producers will all be deployed into the fields and there will be an increase in drilling, but there will still be too much capacity in idle rigs for the service companies to have much purchasing power. This name would have to go to $4 for him to be interested. If it rallied much above its current price, he would consider Shorting it.


Price:
$5.470
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
OPTIMISTIC
Owned:
No
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