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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 jwallingfon Jan 31, 2019 3:36pm
170 Views
Post# 29303270

RE:Potential Catalysts

RE:Potential CatalystsTheir recent announcement of increased debt reduction targets and conservative capex will continue to help. The price of oil, of course. Trans Mtn announcement Feb 22 from the NEB could be positive. I don't think a change of government either provincially or federally will have much effect. The production restrictions in Alberta have certainly helped the Canadian price for oil as Notley announced cuts will be reduced by 75k bbls/day. But export capacity is the biggest factor. Line 3 and Trans Mtn will move all the drillers up.
Bullboard Posts