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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 RETIREMENT6on Nov 21, 2018 1:33pm
168 Views
Post# 29005743

RE:RE:RE:RE:RE:RE:RE:RE:RE:PD board, please walk away from Trinidad bid.

RE:RE:RE:RE:RE:RE:RE:RE:RE:PD board, please walk away from Trinidad bid.I think it would be foolish to not accept the Ensign offer. You could take the cash and buy either Precision or Ensign and ride the upswing. If you take the cash now, you're getting 11% more than what Precision is offer as of today (11/21) and you could invest in Ensign and get a cash dividend of $0.48 per year. If you take the Precision deal (you're essentially selling at $1.50), you're still having to make up the immedidate 11% gain and you won't get any dividend until they pay off all they debt (as they've been saying all long). Almost a no brainer.
Bullboard Posts