RE:Eric NuttallMake it 3 times; last stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2909501
Precision Drilling (PD TSX) Precision has meaningfully reduced debt levels over the past several years with forward D/EBITDA falling below 1.5 times by year’s end. The company is now returning 30-40 per cent of free cash flow back to shareholders via buybacks, and even with tame activity levels due to a weak natural gas price, we believe the company will be able to repurchase 10 per cent of the shares this year and 15 per cent of their shares in 2025. Trading at a 2024/25 FCF yield of 27-31 per cent, we see the potential for PD’s share price to more than double over time.