Precision Drilling (PD.TO)

Experts generally express optimism about Precision Drilling's prospects, especially in the context of rising oil prices and increasing demand in the sector. With forecasts suggesting a price increase of 5-10% leading into 2027, the company is positioned favorably as a well-run operation. One review highlights a significant rally possibly attributed to the sanctioning of LNG Canada, with the company achieving its debt reduction targets, now focusing on returning 50% of capital to shareholders. Additionally, with a projected 20% free cash flow yield next year, the strength of its operations is reflected in its plans to buy back 10% of its stock. While there is notable positive sentiment around natural gas growth in the US, one expert cautions that the timing may not yet be optimal for investing in services stocks despite the favorable spreadsheet projections.