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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
Post by Blaser2on Apr 29, 2013 12:42pm
147 Views
Post# 21337619

CIBC Starts coverage of PD

CIBC Starts coverage of PD

This month CIBC WorldMarkets started analyst coverage of PD.

Highlights are;

- PD is considered a Sector Outperformer

-Target Stock price of $12.00. (12-18 months)

- Book Value of $8.19 per share

- Dividend at 2.5%

- Well positioned for unconventional resource plays with 70% of drilling leet ar depth greater than 3K meters

-Vertically integrated business model with low cost structure

- 36% of shares held by management and institutions

-well positioned for international expansion

Regards

Bullboard Posts