Precision Drilling | StockChase
659
Precision Drilling (PD-T)

Last Price Recorded: $4.3200 on 2018-02-22

ON STOCKCHASE SINCE Oct 2000

Drilling Equip

oil/gas field services
659
Precision Drilling (PD-T)

Last Price Recorded: $4.3200 on 2018-02-22

ON STOCKCHASE SINCE Oct 2000

Drilling Equip

oil/gas field services

Precision Drilling


Signal Opinion Expert
DON'T BUY
Precision Drilling(PD-T) 

February 13, 2018

She doesn’t any of the oil services companies because of the overall negative view of the Canadian sector at this time. She did own it a few years ago but sold it and is waiting for the sector to recover before buying again.

oil/gas field services

She doesn’t any of the oil services companies because of the overall negative view of the Canadian sector at this time. She did own it a few years ago but sold it and is waiting for the sector to recover before buying again.

oil/gas field services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$4.110
Owned Owned
No

DON'T BUY
Precision Drilling(PD-T) 

February 12, 2018

It is on his coverage list.  His problem is the balance sheet.  It is trading significantly below book value.  The debt is too high.

oil/gas field services

It is on his coverage list.  His problem is the balance sheet.  It is trading significantly below book value.  The debt is too high.

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$4.180
Owned Owned
No

PAST TOP PICK
Precision Drilling(PD-T) 

January 23, 2018

(A Top Pick March 17/17. Down 23%.) The largest drilling company in Canada, and there are opportunities beginning to open up in the energy sector as prices improve. There’s been more drilling activity of late. They have an Association with Schlumberger, which gives them access to a lot of good technology. Of all the Canadian drillers, this is the one he would prefer to own.

oil/gas field services

(A Top Pick March 17/17. Down 23%.) The largest drilling company in Canada, and there are opportunities beginning to open up in the energy sector as prices improve. There’s been more drilling activity of late. They have an Association with Schlumberger, which gives them access to a lot of good technology. Of all the Canadian drillers, this is the one he would prefer to own.

oil/gas field services
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$4.740
Owned Owned
Yes

DON'T BUY
Precision Drilling(PD-T) 

January 15, 2018

He prefers Trinidad.  The PD-T debt is his concern.  The company is focusing on paying down debt, however.  On a cash flow multiple basis it is cheap and it trades at a discount to book value. 

oil/gas field services

He prefers Trinidad.  The PD-T debt is his concern.  The company is focusing on paying down debt, however.  On a cash flow multiple basis it is cheap and it trades at a discount to book value. 

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$4.670
Owned Owned
Unknown

BUY
Precision Drilling(PD-T) 

January 8, 2018

They have great technology, a great fleet and a better balance sheet than in the past.  They need to show they can grow the business.  The risk/reward is skewed to the upside.  He bought calls last year.

oil/gas field services

They have great technology, a great fleet and a better balance sheet than in the past.  They need to show they can grow the business.  The risk/reward is skewed to the upside.  He bought calls last year.

oil/gas field services
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$4.140
Owned Owned
No

COMMENT
Precision Drilling(PD-T) 

January 5, 2018

(Market Call Minute.) He likes this, because he could see day rates on tier 1, high spec being a lot stronger than people think, but would rather have money in the pumpers than in a land driller.

oil/gas field services

(Market Call Minute.) He likes this, because he could see day rates on tier 1, high spec being a lot stronger than people think, but would rather have money in the pumpers than in a land driller.

oil/gas field services
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$4.040
Owned Owned
Unknown

COMMENT
Precision Drilling(PD-T) 

December 22, 2017

Compared to the producers, drillers have had more carnage. The one positive thing is the action in the last 6 months. All the indicators are turning up, and if it can move up to about $4.25, it would probably equate to some big potential upside, with $5.80 being the next level. A really good space and seasonally it has come into play. The sector tends to deteriorate in April and May and picks up again in the summer.

oil/gas field services

Compared to the producers, drillers have had more carnage. The one positive thing is the action in the last 6 months. All the indicators are turning up, and if it can move up to about $4.25, it would probably equate to some big potential upside, with $5.80 being the next level. A really good space and seasonally it has come into play. The sector tends to deteriorate in April and May and picks up again in the summer.

oil/gas field services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$3.570
Owned Owned
Unknown

COMMENT
Precision Drilling(PD-T) 

December 15, 2017

The issue is debt. It is massive. If you look at their 12-month cash flow, it was about $67 million in cash flow for the last 12 months, and the debt is over $1 billion. Those numbers just scare him to death. That wouldn't be so bad if the sector was surging and all the oil/gas producers were massively increasing budgets. He would be very, very cautious on any service or drilling company.

oil/gas field services

The issue is debt. It is massive. If you look at their 12-month cash flow, it was about $67 million in cash flow for the last 12 months, and the debt is over $1 billion. Those numbers just scare him to death. That wouldn't be so bad if the sector was surging and all the oil/gas producers were massively increasing budgets. He would be very, very cautious on any service or drilling company.

oil/gas field services
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$3.250
Owned Owned
Unknown

DON'T BUY
Precision Drilling(PD-T) 

December 1, 2017

They are moving into oil gradually and expect to add another 5% in their equity platform in energy, but they haven’t been buying the drillers because they don’t look like the rest of the oil stocks. On the technical side it looks like there was support on the 2016 lows and kind of looks like this is breaking. The downtrend is still in place and it hasn’t slowed or broken out. That’s not the kind of profile he personally looks for. There is always room for short term movement, but he wants the stock to prove itself, and he doesn’t see any of the drillers proving themselves.

oil/gas field services

They are moving into oil gradually and expect to add another 5% in their equity platform in energy, but they haven’t been buying the drillers because they don’t look like the rest of the oil stocks. On the technical side it looks like there was support on the 2016 lows and kind of looks like this is breaking. The downtrend is still in place and it hasn’t slowed or broken out. That’s not the kind of profile he personally looks for. There is always room for short term movement, but he wants the stock to prove itself, and he doesn’t see any of the drillers proving themselves.

oil/gas field services
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$3.780
Owned Owned
Unknown

WATCH
Precision Drilling(PD-T) 

November 30, 2017

You see companies cutting back on exploration budgets.  This stock may have bottomed out here.  It is building a base for the future when the environment gets better.  He would not buy it but it might have trading potential over the next year.  Conditions can’t get much worse.  Watching it before getting back in.

oil/gas field services

You see companies cutting back on exploration budgets.  This stock may have bottomed out here.  It is building a base for the future when the environment gets better.  He would not buy it but it might have trading potential over the next year.  Conditions can’t get much worse.  Watching it before getting back in.

oil/gas field services
Don Lato

President, Padlock Investment M...

PricePrice
$3.620
Owned Owned
Unknown

DON'T BUY
Precision Drilling(PD-T) 

November 30, 2017

(Market Call Minute)  It is beta on steroids.  Weak business, weak margins. 

oil/gas field services

(Market Call Minute)  It is beta on steroids.  Weak business, weak margins. 

oil/gas field services
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$3.620
Owned Owned
No

COMMENT
Precision Drilling(PD-T) 

November 17, 2017

He likes the space, but this one has been frustrating. Has been in a downtrend for a number of years, but what is encouraging is that there is a small base forming. You might consider looking at Calfrac Well Services (CFW-T) and Trican Well Services (TCW-T), which he likes a little better. With the rest of the market moving, if this company isn’t moving, maybe you want to get out of it.

oil/gas field services

He likes the space, but this one has been frustrating. Has been in a downtrend for a number of years, but what is encouraging is that there is a small base forming. You might consider looking at Calfrac Well Services (CFW-T) and Trican Well Services (TCW-T), which he likes a little better. With the rest of the market moving, if this company isn’t moving, maybe you want to get out of it.

oil/gas field services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$3.470
Owned Owned
No

COMMENT
Precision Drilling(PD-T) 

November 15, 2017

Very bullish on the surface sector in general, but less so towards drillers. Trends over the past couple of years have been getting more efficient. While it’s benefited the pressure pumpers, it works against the drillers because it is taking fewer days to drill a well. Overall demand for rigs has been falling. There is still too much equipment available. 

oil/gas field services

Very bullish on the surface sector in general, but less so towards drillers. Trends over the past couple of years have been getting more efficient. While it’s benefited the pressure pumpers, it works against the drillers because it is taking fewer days to drill a well. Overall demand for rigs has been falling. There is still too much equipment available. 

oil/gas field services
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$3.510
Owned Owned
No

BUY
Precision Drilling(PD-T) 

November 9, 2017

The quarter that just came out was pretty good.  All the companies with US exposure on the service side did well.  It is the most liquid name in the group.

oil/gas field services

The quarter that just came out was pretty good.  All the companies with US exposure on the service side did well.  It is the most liquid name in the group.

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$3.970
Owned Owned
Unknown

HOLD
Precision Drilling(PD-T) 

October 30, 2017

Made a bottom late August/early September. Those levels actually go back to early 2016, so from a risk/reward perspective and where energy is now, the risk/reward is really good. If it can get through $4, you’ll probably see an acceleration. At $5 (Institutional investors can't get in below that price) there will be more buying. Good risk/reward from here, so he would hang on.

oil/gas field services

Made a bottom late August/early September. Those levels actually go back to early 2016, so from a risk/reward perspective and where energy is now, the risk/reward is really good. If it can get through $4, you’ll probably see an acceleration. At $5 (Institutional investors can't get in below that price) there will be more buying. Good risk/reward from here, so he would hang on.

oil/gas field services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$3.710
Owned Owned
Yes

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