Precision Drilling | StockChase
666
Precision Drilling (PD-T)

Last Price Recorded: $5.2300 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

Drilling Equip

oil/gas field services
666
Precision Drilling (PD-T)

Last Price Recorded: $5.2300 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

Drilling Equip

oil/gas field services

Precision Drilling


Signal Opinion Expert
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 & Portfolio Manager, Goodreid Investment ...

PricePrice
$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 & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$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...

PricePrice
$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...

PricePrice
$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 President & Portfolio Manager, AGF Investments Inc...

PricePrice
$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...

PricePrice
$3.700
Owned Owned
No

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...

PricePrice
$3.700
Owned Owned
No

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

Showing 1 to 15 of 666 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company