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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

Comment by beenburntb4on Feb 05, 2024 12:25pm
72 Views
Post# 35863264

RE:Canada good for now, but US market blows.

RE:Canada good for now, but US market blows.yup
basically there are limited number of high spec rigs in canada (a lot went south in last 6 years) so aside from breakup the rig fleet will be much as last 2 years
usa definately has permian pullback and other areas as the private and small oil companies are drilling of cash flows and big guys worried about divdends
PD in usa will likley bottom at 36-40 rigs and slow recovery
bright news is maybe we have a more "stable market".
slightly slowe for longer axium
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