Professional
Added to YB: 2025-04-09
Pitch date: 2025-04-07
PDS [bullish]
Precision Drilling Corporation
+64.78%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally.
Market Cap
CAD 1.1B
Pitch Price
CAD 41.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.75
P/E
19.79
EV/Sales
0.98
Sector
Energy Equipment and Services
Category
value
Call me crazy, I added an oil drilling stock - Precision Drilling Corporation
PDS: Largest Canadian land driller, dominant in Montney & Clearwater. Strong demand for Super Triple & Super Single rigs. US weakness priced in. $241M FCF guidance, flat EBITDA YoY. 2.93x EV/EBITDA, 6.3% shares bought back. Canadian drilling market tight, no new builds. LNG & pipeline expansions support activity.
Read full article (10 min)