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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

Post by drunk@noonon Jan 26, 2024 10:20am
123 Views
Post# 35846916

Canada good for now, but US market blows.

Canada good for now, but US market blows.Dropping a rig a week there is seems. Down to 40 rigs. Always worry when the numbers used in companies and analysis estimate for 2024 differ so  much. Canada good for now, but LNG canada is a long ways off. They haven't even started plant ramp up, where the company forecasts a safe start up period of over a year. Have no idea why nat gas wieghted companies are rushing to bump production, as their will be a glut in the market for months before LNG starts making a difference. On the bright side, LNG will come eventually which will bring a stable $4 nat gas price to canada, which means drill drill drill.
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