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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 mowok213on Mar 28, 2012 10:16pm
183 Views
Post# 19731391

RE: Window Dressing

RE: Window Dressing

Expect a sharp bounce soon and pump into earnings. RSI 14 is 8.27 (i.e. wayyy OVERSOLD), lower than the September end sell off and much lower than other peers. Not even a 3x volatility stock like NUGT had that low of a RSI. (Nevermind the price of this was 12.50 at the beginning of the month, early spring break up should not account for a 20%+ drop in price!)

https://www.marketvolume.com/stocks/relativestrengthindexrsi.asp?s=PDS&t=precision-drilling-corp

If it's a weak run into earnings, keeping it right through earnings. Reason? Whole sector is getting hammered because of companies issuing lower Q1 earnings because of the switch from gas to oil but PD was already mostly drilling for oil at the end of last year...

Don't get shaken out as a weak hand now, patience and persistence.

GLTA.

Bullboard Posts