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Bullboard - Stock Discussion Forum 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 Discussion

Precision Drilling Corp > Is Eric Right?
View:
Post by retiredcf on Apr 07, 2024 1:59pm

Is Eric Right?

As to the question, "Undevalued" was in the Globe & Mail business section.  GLTA

Eric Nuttall recently made PD a top pick. What are your views?

PD is a drilling/service company, showing good momentum now but it has been a basket case for a long time. Debt was way too high for years after acquisitions, but is now less than 2X cash flow. As a result, it has turned around and is now highly profitable. If the sector does well, more drilling will occur and it could continue with gains. It is also cheap at 10X earnings (no dividend). (5iResearch)

 
Comment by itsalie on Apr 16, 2024 10:33am
I think Eric dumped it.. just a guess though.. how could he be so wrong?