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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 RichyRich$on Dec 14, 2014 12:21am
270 Views
Post# 23228319

Long-Term Contracts Locked In

Long-Term Contracts Locked InFrom what I read, they have their long-term contracts locked in and are cutting a lot of expenses, so EPS slightly up for 2015. The forward looking P/E is 7.5. That seems extremely low for price to earnings. I know from the past, swing traders like to play this stock week to week. I think it could be in a December Tax Sell Off phase and could rebound hard in January. My question to you guys is what's a better play Oil companies or Gold Mining. Both are beaten down and gold was sliding longer than oil. I'm wondering if hanging onto gold mining like Yamana Gold could be a better next few months play and maybe PD just moves sideways for a few months? What do you guys think? I don't know as much about oil, but know with gold, if the price goes lower many miners will shut down. My feeling is that gold bottomed and the industry won't take it lower as they don't want too much mine shut downs. But oil prices seem like a mystery to me, like 2008 sliding from $150 to $30. I doubt oil will get back to $30. What's the possibility of that?
Bullboard Posts