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Precision Drilling Corporation T.PD

Sector: Energy | Sub-Sector: Oil & Gas Equipment & Services

Precision Drilling Corp is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations.
Price: $7.61 | Change: +$0.01 | %Change: +0.13%
Volume: 1.6m | Day High/Low: 7.70/7.49 | 52 Week High/Low: 15.65/5.70
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0 stars

Many companies stand to benefit from Keystone Pipeline

Approval is near and I think PD is one of the best which benefits from this big project. I think recent upside move in contrast of oil price is due to this matter. what do u think guys?  rate and reply
0 stars

Bottom In??

RBC analysts think it's time to position for an oil recovery by buying oilfield services stocks such as Schlumberger (SLB -1.2%), Patterson-UTI (PTEN -0.4%), Nabors Industries (NBR +2.5%) and...read more
0 stars

RE:RE:Tougher times ahead?

It allows them to depreciate older equipment that is sitting idle instead of waiting until it is sold or scrapped.  From the perspective of smoothing out quarterly depreciation numbers, the read...read more
0 stars

RE:Tougher times ahead?

I think the method of depreciation is really an accounting thing which requires (or allows) them to present the quarterly bottom line in a different (better?) light.  Hard to say what the underlying...read more
0 stars

Tougher times ahead?

One thing of interest in PDs latest release talks about depreciation of their assets.  I take this to mean that their equipment can go obsolete before being worn out.  Therefore, idle equipment can be...read more
0 stars

The safety of dividend and PD

I see some folks here wonder about the safety of dividend. Have you seen JOY? I am talking for Journey Energy, which is an Upstream player with very low debt and a high and safe dividend. Journey...read more
5 stars

RE:Dividend safe ?

Well, for what it's worth (and I cannot explain why this is) oil futures 18 months out are about USD$63/bbl.  In theory, that should satistfy most lenders that shale drilling can be funded profitably....read more
0 stars

Dividend safe ?

Globe says payouts look sustainable at Whitecap, others 2015-02-04 06:13 ET - In the News See In the News (C-WCP) Whitecap Resources Inc (2)   The Globe and...read more
0 stars

Oil inventories higher than expected

PD's sensitivity to oil prices is higher than a normal stock.  So keep that in mind with the following news: The latest reports show that oil inventories have grown 6.1MMbbl in the last week.  I also...read more
0 stars

RE:Canadian Research Round up, New Rating For .P.D.

And I could have bought at 5.70.... :'( too bad. I cant complain  rate and reply
4 stars

Canadian Research Round up, New Rating For .P.D.

Feb 2/15-Canadian Research RoundUp.-Precision Drilling.( P.D.) (T)-Raymond James-Cuts Target Price To c$7.75. per share.  Raises To Outperform From Market Perform. glta. Cheers!  rate and reply
0 stars

RE:RE:RE:DROPPING LIKE CRAZY!!!!!

Have to admit this does trade pretty oddly... Started the day strong up to $6.70, then next I check it's down to $6.24 and now it's up a few cents for the day... Someone is sure trying hard to shake...read more
0 stars

RE:RE:DROPPING LIKE CRAZY!!!!!

What a wild week in trading, a lot of tree shaking imo.. I still expect in the near term $7 + Though the way this is trading you'd think it was a double leveraged oil bull etf... - Uber  rate and reply
0 stars

RE:DROPPING LIKE CRAZY!!!!!

There is still a lot of resistance in the mid-to-high $5 range. I picked up some there and sold near the close (25 cents profit is not shabby). If WTI doesn't drop much further then the resistance...read more
0 stars

Update for investors

http://www.thestreet.com/story/13026638/1/precision-drilling-pds-stock-closes-down-today-as-oil-prices-decline.html  rate and reply
0 stars

DROPPING LIKE CRAZY!!!!!

Key is to catch it at the right time.. Who will!!!! Buy up  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:Wonder who got caught at the highs this time?

A suck day in the markets, but today's move was over done.. I agree $15 might not happen in the near term, but it's short sighted to say 'never' I guess doing research and picking good companies doesn...read more
0 stars

RE:RE:RE:RE:Wonder who got caught at the highs this time?

Ubervak wrote: ... Could it be MM's trying to shake the tree and trigger stop losses on panic? Seems someone is playing short on this pretty heavily. - Uber Yes and yes. It's hard to see in a 3...read more
5 stars

RBC Research - 2015 Outlook for Oil & Gas Drilling

In RBC's 2015 Outlook for Oil & Gas Drilling they make predictions for the rig count drop of 30%.  US land rig count will drop 30% in 2015 v 2014 with vertical down 60%+ and the Horizontal rig...read more
0 stars

RE:RE:RE:Wonder who got caught at the highs this time?

I guess IMO it's hard to pick a bottom, and from year over year some would call the $6 range a low.. I personally bought @ $6.54 and was happy with a bit of profit, but held and now bag hold. But this...read more