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Precision Drilling Corp T.PD

Alternate Symbol(s):  PDS

Precision Drilling Inc is a Canada-based drilling company. The Company is engaged in the exploration and production of oil and natural gas. Its services include North American drilling, international drilling, oilfield equipment rentals, camp & catering services. The Company technology includes AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen.


TSX:PD - Post by User

Bullboard Posts
Comment by ronaldcoon Oct 31, 2012 5:46pm
203 Views
Post# 20547232

RE: RE: RE: Is this stock bankrupt Bladerunner

RE: RE: RE: Is this stock bankrupt Bladerunner

Yes, I agree it happens to all of us and It's also true that drilling stocks have gone no where in the past two years.  I originally bought PD at 4.60 in Feb 09. sold at $10.50 in Jan 11 only to see it go up to 17$.  I rebought my position at $8.45 in Oct 11 and have been sitting on it since.  Not all your stocks can be winners at the same time, and the management can't be blamed if where not in the right environment for drillers right now.  

I just find it so funny when someone just blast management of stocks they own; I know if I don't like management, I will sell and never look back.  There's plenty of good companies out there.  Of course, I don't think there's anything wrong with PD or TDG right now except investors don't seem to think the time is right to own drillers.  A little more patience is needed.

As far as Rim, it's not for me, I don't know how they manage to compete with Apple and Google in the long term. 

Bullboard Posts