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

ON STOCKCHASE SINCE Oct 2000

Drilling Equip

oil/gas field services

Precision Drilling

PD-T

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Precision Drilling (PD-T) SAVE Feb, 16, 2019, 6:20 am

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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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Precision Drilling(PD-T) 

February 4, 2019

He did a bit of tax loss selling in this sector. You can see that the $3 level is going to be problematic. It touched it in 2017 and a couple of times in 2018. It will bring in more sellers as it gets closer to that level. It is going to try to revisit the $2.26 low. If it gets through $3 it may get to $5.
oil/gas field services
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He did a bit of tax loss selling in this sector. You can see that the $3 level is going to be problematic. It touched it in 2017 and a couple of times in 2018. It will bring in more sellers as it gets closer to that level. It is going to try to revisit the $2.26 low. If it gets through $3 it may get to $5.
oil/gas field services
0 0 0 0 0
0 comments
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$2.790
Owned Owned
Unknown

COMMENT
Precision Drilling(PD-T) 

January 23, 2019

All the drillers have under performed. This is probably a good entry point -- around 5 year lows. He does not love the sector, but the risk reward is enticing. He owns PD-T right now instead. He would recommend taking money off the table if the stock price strengthens due to the volatility of the energy sector.
oil/gas field services
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All the drillers have under performed. This is probably a good entry point -- around 5 year lows. He does not love the sector, but the risk reward is enticing. He owns PD-T right now instead. He would recommend taking money off the table if the stock price strengthens due to the volatility of the energy sector.
oil/gas field services
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0 comments
Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$2.600
Owned Owned
_N/A

COMMENT
Precision Drilling(PD-T) 

January 21, 2019

It's been in a tough sector for the last couple of years. If you are going to buy these things you should look at it as a trade instead of an investment. You can get a reasonable trade out of some of these stocks. Until we get the pipe and we can sell stuff how much drilling can we do.
oil/gas field services
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It's been in a tough sector for the last couple of years. If you are going to buy these things you should look at it as a trade instead of an investment. You can get a reasonable trade out of some of these stocks. Until we get the pipe and we can sell stuff how much drilling can we do.
oil/gas field services
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0 comments
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$2.820
Owned Owned
Unknown

WAIT
Precision Drilling(PD-T) 

December 18, 2018

PD has done relatively well, considering the drillers have been hammered in this sell-off. Need to see this hold at $2.80. There's been heavy tax-loss selling in oil. Don't step until January. See if resistance holds.
oil/gas field services
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PD has done relatively well, considering the drillers have been hammered in this sell-off. Need to see this hold at $2.80. There's been heavy tax-loss selling in oil. Don't step until January. See if resistance holds.
oil/gas field services
0 0 0 0 0
0 comments
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$2.380
Owned Owned
Unknown

DON'T BUY
Precision Drilling(PD-T) 

December 17, 2018

He hoped they would merge with TDG.UN-T. He had TDG.UN-T on his action alert buy list. Now you have to decide what to do. PD-T is paying down debt but it is still high. The balance sheet is strained The stock price is now washed out enough that he is taking a little bit more positive view of this stock.
oil/gas field services
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He hoped they would merge with TDG.UN-T. He had TDG.UN-T on his action alert buy list. Now you have to decide what to do. PD-T is paying down debt but it is still high. The balance sheet is strained The stock price is now washed out enough that he is taking a little bit more positive view of this stock.
oil/gas field services
0 0 0 0 0
0 comments
Josef Schachter

President, Schachter Asset Mana...

Price Price
$2.450
Owned Owned
Unknown

DON'T BUY
Precision Drilling(PD-T) 

December 14, 2018

He has not held PD-T for quite a while. It has fallen below $3, which was his previous buy target. He sees the current tax loss selling impacting the entire sector and will create great opportunities. However, he thinks there are better opportunities in the E&P sector. He thinks it is cheap and you would make money, but he prefers other holdings.
oil/gas field services
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He has not held PD-T for quite a while. It has fallen below $3, which was his previous buy target. He sees the current tax loss selling impacting the entire sector and will create great opportunities. However, he thinks there are better opportunities in the E&P sector. He thinks it is cheap and you would make money, but he prefers other holdings.
oil/gas field services
0 0 0 0 0
0 comments
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$2.510
Owned Owned
No

BUY
Precision Drilling(PD-T) 

November 16, 2018

Averaging down is not one of his favourite things, but in this case, he’s starting to like crude and nat gas. Yes, he’d put money in. The stock is cheap, nice selloff. Stock like this will benefit from a hold. (Analysts’ price target is $5.81)
oil/gas field services
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Averaging down is not one of his favourite things, but in this case, he’s starting to like crude and nat gas. Yes, he’d put money in. The stock is cheap, nice selloff. Stock like this will benefit from a hold. (Analysts’ price target is $5.81)
oil/gas field services
0 0 0 0 0
0 comments
Elliott Fishman

Director o, Trading Services Gro...

Price Price
$3.260
Owned Owned
Unknown

HOLD
Precision Drilling(PD-T) 

October 26, 2018

The stock has been hit lately. Their oeprations were doing well over the past few quarters. Then, PD announced they would buy Trinidad (during a market downturn), so their stock collapsed. He's trying to understand their rationale behind that announcement. Their last quarter was weak. Hold onto itnow. The stock could snap back if Ensign tops up their bid for Trinidad. Not sure what's going to happen.

oil/gas field services
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The stock has been hit lately. Their oeprations were doing well over the past few quarters. Then, PD announced they would buy Trinidad (during a market downturn), so their stock collapsed. He's trying to understand their rationale behind that announcement. Their last quarter was weak. Hold onto itnow. The stock could snap back if Ensign tops up their bid for Trinidad. Not sure what's going to happen.

oil/gas field services
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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$3.280
Owned Owned
Yes

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

oil/gas field services
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0 comments
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
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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
0 0 0 0 0
0 comments
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
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0 comments

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
0 0 0 0 0
0 comments
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
0 0 0 0 0
0 comments

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
0 0 0 0 0
0 comments
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
0 0 0 0 0
0 comments

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
0 0 0 0 0
0 comments
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
0 0 0 0 0
0 comments

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
0 0 0 0 0
0 comments
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
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0 comments

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
0 0 0 0 0
0 comments
Josef Schachter

President, Schachter Asset Mana...

Price Price
$4.240
Owned Owned
Unknown

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