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

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Precision Drilling (PD.TO)

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129.84

-7.49 (5.45%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

187 watching

Investor Insights

Jun 6, 2026, 12:00 am

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

Experts are optimistic about Precision Drilling (PD-T) moving forward into 2027, noting that the increase in activity in the oil market suggests a potential price rise of 5-10%. They emphasize that pure play oil producers are the best investment choice given current market conditions. The stock has shown a significant rally, potentially driven by the sanctioning of LNG Canada and the company's achievement of its debt targets, leading to a strategic pivot towards returning 50% of capital to shareholders. Furthermore, it's worth noting that Precision Drilling's free cash flow yield is projected to be around 20% next year while also implementing a buyback of 10% of its shares. Although the current spreadsheet calculations appear positive, some experts feel it's still not the right time to invest in service stocks given the cyclical nature of the industry.

Consensus

Positive

Valuation

Undervalued

Similar

SLB

TOP PICK

The “oil service companies” is one of his favourite sectors. Likes the 9% yield. Can see 3 more years of upside. Payout ratio is relatively low and their earnings have been fantastic. Expecting another increase in distributions.

HOLD

Reasonably high payout ratio of 80% versus its peers of 70%. Had great numbers this quarter but think it's fairly valued. Great yield, but can't see much capital gains. Would prefer Trican Well Service (TCW-T) or Ensign Resources (ESI-T).

DON'T BUY

Would prefer to look at some of the actual companies rather than at trusts in this sector.

BUY

Great earnings growth. The street is anticipating a commodity sell off so is not willing to pay for these stocks. Looking at several years, they are probably going to give you sustained out performance.

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.

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Precision Drilling (PD.TO)