Precision Drilling (PD.TO) Buy, Sell or Hold

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Precision Drilling (PD.TO)

110.18

-2.07 (1.84%)

as of Jun 26, 2026, 8:00:00 pm Market Open.

186 watching

Investor Insights

Jun 27, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Precision Drilling (PD-T) is positioned favorably in the current market, with experts indicating a rising trend in oil activity that could lead to a 5-10% pricing increase by 2027. The company has shown strong performance, benefiting from strategic actions such as achieving its debt targets and planning a 50% return of capital to shareholders, as well as a notable 20% free cash flow yield projected for the coming year. Furthermore, the anticipated sanctioning of LNG Canada may contribute to a continued rally in the stock. While there are concerns about the timing of investing in service stocks, the general sentiment about Precision Drilling remains positive, particularly with its pronounced leverage to US natural gas, which is expected to see significant demand growth. Overall, the company is characterized as well-run and a strong player in the pure-play oil sector amidst the current energy landscape.

Consensus

Positive

Valuation

Undervalued

Similar

CDEV

DON'T BUY

With the decline in oil prices, there will be massive cutbacks in capital expenditures, which will impact drillers.

BUY ON WEAKNESS

(Market Call Minute.) Look for an opportunity to buy but don't be in a hurry. Cheap.

SELL

This is a company that he would not be in at all. It is so sensitive to the cap X of the energy companies. Thinks it will be a few years before this one returns to its former levels.

COMMENT

Trading at about a 50% haircut to its replacement value for its rigs. 17.9% yield. Not overly bullish on many of these service companies.

DON'T BUY

15% yield. North American drillers are trading very cheap on all metrics. Really likes the new management. Has older equipment and newer companies will be more in demand.

COMMENT

Quality trust. Largest drilling and service trust in Canada. Making a big acquisition of Grey Wolf (GW-A). Previously a pristine balance sheet but will now have debt levels. Seeing drilling coming off in the US. Would be cautious.

BUY

Good time to be buying oil drilling and oil services companies. Strong demand for their services.

COMMENT

It seems they are able to keep the distribution currently. Thinks winter drilling will be fine.

WAIT

Tentative hold. Wait if buying.

COMMENT

Largest oil service firm in Western Canada. Will depend on commodity prices. If you have a positive view on oil and natural gas you should continue to hold. The numbers he sees for drilling this winter don't look as good.

WAIT

One of the largest contract drillers in Canada. Recently acquired Grey Wolf (GW-A) in the US. Expects there could be tax loss selling in November when shareholders from Grey Wolf could be selling shares. Well run trust, but wait until December.

COMMENT

Wanted to build up their presence in the US and bought Grey Wolf. If the price of oil recovers in 2008/2009 winter there could be mid-teens natural gas next year.

BUY

Canadian Natural Rsrcs (CNQ-T) would probably be his Top Pick in the oil sector on the Canadian side but he also has positions in Encana (ECA-T), Suncor (SU-T) as well as Precision Drilling (PD-T).

BUY

Largest driller in Western Canada. Because of higher energy prices, drilling activity has been significantly higher in the last year. They are also expected to look for acquisitions in the US. (See Top Picks.)

HOLD

Has been disappointing. Last year, gas prices went down so drilling slowed. This spring started off slowly and earnings started picking up. Will do well with their bigger rigs on the deep drilling.

Showing 346 to 360 of 729 entries

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Precision Drilling (PD.TO)