Precision Drilling
PD-T
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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.
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PAST TOP PICK
PAST TOP PICK
June 17, 2019
(A Top Pick May 30/18, Down 52%) It is not working out at all. It still has potential in the portfolio and he has not bailed out of it. The leverage on the industry is huge. It is a high risk / high reward play. The payout down the road on a small part of your portfolio could be quite huge.
(A Top Pick May 30/18, Down 52%) It is not working out at all. It still has potential in the portfolio and he has not bailed out of it. The leverage on the industry is huge. It is a high risk / high reward play. The payout down the road on a small part of your portfolio could be quite huge.
oil/gas field services
TOP PICK
TOP PICK
June 13, 2019
They have been decimated. They are the same price as in December but oil has gone up. They paid up a ton of debt since December. The risk/reward is there to buy this name. (Analysts’ price target is $4.63)
They have been decimated. They are the same price as in December but oil has gone up. They paid up a ton of debt since December. The risk/reward is there to buy this name. (Analysts’ price target is $4.63)
oil/gas field services
DON'T BUY
DON'T BUY
May 15, 2019
He does not own any drilling stocks. He thinks producers are not as focused on increasing production at this time. This space is too volatile to take a position in. He would prefer to own producers.
He does not own any drilling stocks. He thinks producers are not as focused on increasing production at this time. This space is too volatile to take a position in. He would prefer to own producers.
oil/gas field services
WEAK BUY
WEAK BUY
April 16, 2019
They've had a good rebound. He has a $4.50 target as a buy, but the sector is weak. Doesn't own any operators now. Buy the oil producers instead. If you own this, then average down. They just announced the sale of non-core assets, which he likes.
They've had a good rebound. He has a $4.50 target as a buy, but the sector is weak. Doesn't own any operators now. Buy the oil producers instead. If you own this, then average down. They just announced the sale of non-core assets, which he likes.
oil/gas field services
SPECULATIVE BUY
SPECULATIVE BUY
March 20, 2019
There's considerable upside, but the street is very split on this stock. It's a high-risk/reward stock. This could pay off very well at current prices. They just renewed some contracts and have paid down some debt. In a better oil market, this would be much more valuable.
There's considerable upside, but the street is very split on this stock. It's a high-risk/reward stock. This could pay off very well at current prices. They just renewed some contracts and have paid down some debt. In a better oil market, this would be much more valuable.
oil/gas field services
WATCH
WATCH
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.
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
COMMENT
COMMENT
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.
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
COMMENT
COMMENT
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.
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
WAIT
WAIT
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.
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
DON'T BUY
DON'T BUY
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.
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
DON'T BUY
DON'T BUY
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.
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
BUY
BUY
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)
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
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
$3.260
Unknown
HOLD
HOLD
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.
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
BUY
BUY
August 28, 2018
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.
oil/gas field services
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
$5.210
Unknown
DON'T BUY
DON'T BUY
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.
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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