Precision Drilling (PD-T) Stock Predictions - Stockchase
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675
Precision Drilling (PD-T)

ON STOCKCHASE SINCE Oct 2000

Drilling Equip

oil/gas field services

Precision Drilling Precision Drilling
PD-T

71 675
oil/gas field services

Precision Drilling (PD-T) SAVE

3.76

0.04 (1.05%)

Oct, 20, 2018, 12:00 am

OPINIONS

About Precision Drilling (PD-T)

Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies. Operations expanded from 3 drilling rigs in 1984 to over 240+ drilling rigs and worldwide operations. More at Wikipedia

What the experts are saying about PD-T



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Signal Opinion Expert
BUY
Precision Drilling(PD-T) 

August 28, 2018

It's cheap. Buy it now, but it'll take time. No downside risk.

oil/gas field services

It's cheap. Buy it now, but it'll take time. No downside risk.

oil/gas field services
Elliott Fishman

Director o, Trading Services Gro...

Price Price
$5.210
Owned Owned
Unknown

DON'T BUY
Precision Drilling(PD-T) 

August 17, 2018

The company has recently gained traction as demand for their Tier I rigs has increased.  He is challenged to see how utilization rates can go much higher.  He would prefer to own Trican (TCW-T) instead at this point.  

oil/gas field services

The company has recently gained traction as demand for their Tier I rigs has increased.  He is challenged to see how utilization rates can go much higher.  He would prefer to own Trican (TCW-T) instead at this point.  

oil/gas field services
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.830
Owned Owned
No

DON'T BUY
Precision Drilling(PD-T) 

August 13, 2018

Is the  largest driller in Canada.  Did very well in Q2 in US, but less so in Canada.  Debt has gone up, so they have some balance sheet concerns.  Has other names in this sector that may be better with higher growth potential and less balance sheet concerns.

oil/gas field services

Is the  largest driller in Canada.  Did very well in Q2 in US, but less so in Canada.  Debt has gone up, so they have some balance sheet concerns.  Has other names in this sector that may be better with higher growth potential and less balance sheet concerns.

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.820
Owned Owned
No

COMMENT
Precision Drilling(PD-T) 

August 13, 2018

Oil services stocks have suffered, but it's had an uptrend for the past 12 months. It's likely it'll hold at current levels and could rise above $5.40. The sector should move up.

oil/gas field services

Oil services stocks have suffered, but it's had an uptrend for the past 12 months. It's likely it'll hold at current levels and could rise above $5.40. The sector should move up.

oil/gas field services
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$4.820
Owned Owned
Unknown

TOP PICK
Precision Drilling(PD-T) 

August 10, 2018

He really likes the energy space and sees PD-T putting in good earnings going forward.  They have 80 rigs in the US and 60 rigs in Canada.  They have seen day rates go from $18,000 per day up to $25,000 per day recently.  Margins continue to improve, costs are under control, and they are putting rigs back into service.  E&P capex budgets are increasing in North America and with WTI being at $65-$80 he thinks companies will continue to spend.  Management continues to build a strategy to lower the debt levels.  Yield 0%. (Analysts’ price target is $6.04)

oil/gas field services

He really likes the energy space and sees PD-T putting in good earnings going forward.  They have 80 rigs in the US and 60 rigs in Canada.  They have seen day rates go from $18,000 per day up to $25,000 per day recently.  Margins continue to improve, costs are under control, and they are putting rigs back into service.  E&P capex budgets are increasing in North America and with WTI being at $65-$80 he thinks companies will continue to spend.  Management continues to build a strategy to lower the debt levels.  Yield 0%. (Analysts’ price target is $6.04)

oil/gas field services
Mike Archibald

Associate , AGF Investments...

Price Price
$4.860
Owned Owned
Yes

DON'T BUY
Precision Drilling(PD-T) 

July 20, 2018

Troubled by this stock. Is drilling going to become increasingly more expensive? He’s highly, highly cautious. If we leave the Paris Accord, there will be a huge reduction in oil and gas exploration. If this company has to rely on continued resource exploration to be profitable, he’d be really cautious.

oil/gas field services

Troubled by this stock. Is drilling going to become increasingly more expensive? He’s highly, highly cautious. If we leave the Paris Accord, there will be a huge reduction in oil and gas exploration. If this company has to rely on continued resource exploration to be profitable, he’d be really cautious.

oil/gas field services
Tim Nash

Financial , The Sustainable Econ...

Price Price
$4.800
Owned Owned
No

DON'T BUY
Precision Drilling(PD-T) 

June 18, 2018

It is a very good company.  They have very high debt.  The balance sheet is severely stressed.  There are other names you can go to.

oil/gas field services

It is a very good company.  They have very high debt.  The balance sheet is severely stressed.  There are other names you can go to.

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.240
Owned Owned
Unknown

WEAK BUY

To him this looks like it could be setting up for a positive move.  Recent highs and lows are progressing.  I recently broke through a significant high and could be nearing a good buy.  He would rank it 7 out of 10.  He would leg into it cautiously. 

oil/gas field services

To him this looks like it could be setting up for a positive move.  Recent highs and lows are progressing.  I recently broke through a significant high and could be nearing a good buy.  He would rank it 7 out of 10.  He would leg into it cautiously. 

oil/gas field services
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$4.310
Owned Owned
No

TOP PICK

 If capital returns to Canada following the pipeline announcement, this will do well.  He thinks PD-T has a long way to run as they have been upgrading their fleet.  Yield 0%.  (Analysts’ price target is $5.57 )

oil/gas field services

 If capital returns to Canada following the pipeline announcement, this will do well.  He thinks PD-T has a long way to run as they have been upgrading their fleet.  Yield 0%.  (Analysts’ price target is $5.57 )

oil/gas field services
Michael Sprung

President, Sprung Investment Ma...

Price Price
$4.630
Owned Owned
Yes

DON'T BUY

It supplies rigs to oil exploration companies, so it's a highly cyclical name. Too unpredictable for him. His style is buy-and-hold long-term, but it looks like it's been turning up as oil rises.

oil/gas field services

It supplies rigs to oil exploration companies, so it's a highly cyclical name. Too unpredictable for him. His style is buy-and-hold long-term, but it looks like it's been turning up as oil rises.

oil/gas field services
Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$5.010
Owned Owned
No

HOLD

This is one of the most liquid services company in Canada, which gives it a slight advantage in the space.  Their recent quarterly earnings were on line.  They have the best technology and this is leading to higher daily rents – double from the lows.  Free cash flow is solid and this will help drop debt levels.

oil/gas field services

This is one of the most liquid services company in Canada, which gives it a slight advantage in the space.  Their recent quarterly earnings were on line.  They have the best technology and this is leading to higher daily rents – double from the lows.  Free cash flow is solid and this will help drop debt levels.

oil/gas field services
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.490
Owned Owned
No

HOLD
Precision Drilling(PD-T) 

April 20, 2018

He does not follow this closely.  They have an advantage being exposed to the US, where drilling is going to be more robust.  He would stay away from the Canadian service companies as a whole.  If you have it, hold it. 

oil/gas field services

He does not follow this closely.  They have an advantage being exposed to the US, where drilling is going to be more robust.  He would stay away from the Canadian service companies as a whole.  If you have it, hold it. 

oil/gas field services
Don Lato

President, Padlock Investment M...

Price Price
$4.100
Owned Owned
No

PAST TOP PICK
Precision Drilling(PD-T) 

April 16, 2018

(A Top Pick Mar 17/17, Down 37%)  He said it was higher risk when it picked it.  We need a pickup in activity in the oil patch.  They have not participated in the US recovery as much as people would have hoped.  At these levels the down side is limited but the upside is more substantial.  It is not a safe harbor investment.

oil/gas field services

(A Top Pick Mar 17/17, Down 37%)  He said it was higher risk when it picked it.  We need a pickup in activity in the oil patch.  They have not participated in the US recovery as much as people would have hoped.  At these levels the down side is limited but the upside is more substantial.  It is not a safe harbor investment.

oil/gas field services
Michael Sprung

President, Sprung Investment Ma...

Price Price
$3.790
Owned Owned
Yes

TOP PICK
Precision Drilling(PD-T) 

April 6, 2018

A bit of a contrarian pick given the high level of debt.  He thinks they are starting to pay down $300-$500 million of debt.  It is close to a ten year low and believes the market has pushed the price too low.  Management feels comfortable and reports day rates are increasing.  Yield 0%.  (Analysts’ price target is $5.39 )

oil/gas field services

A bit of a contrarian pick given the high level of debt.  He thinks they are starting to pay down $300-$500 million of debt.  It is close to a ten year low and believes the market has pushed the price too low.  Management feels comfortable and reports day rates are increasing.  Yield 0%.  (Analysts’ price target is $5.39 )

oil/gas field services
Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$3.550
Owned Owned
Yes

DON'T BUY
Precision Drilling(PD-T) 

March 16, 2018

This company has a lot of its business in the US, where the Bakken and Permian plays are very prolific.  The stock could really run, but the problem is the debt to equity ratio and are carrying $1.8 billion in debt.  He thinks the stock will drop below $3 before rallying to $7 next year.  There are other names in the drilling space that are better like Trinidad and Ensign. 

oil/gas field services

This company has a lot of its business in the US, where the Bakken and Permian plays are very prolific.  The stock could really run, but the problem is the debt to equity ratio and are carrying $1.8 billion in debt.  He thinks the stock will drop below $3 before rallying to $7 next year.  There are other names in the drilling space that are better like Trinidad and Ensign. 

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

Price Price
$3.700
Owned Owned
No

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