Precision Drilling
PD-T
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About Precision Drilling (PD-T)
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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.
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.
It's cheap. Buy it now, but it'll take time. No downside risk.
It's cheap. Buy it now, but it'll take time. No downside risk.
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.
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.
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.
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 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 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.
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