Professional
Added to YB: 2025-08-26
Pitch date: 2025-08-20
PDS [bullish]
Precision Drilling Corporation
+25.72%
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 74.81
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
turnaround
Opportunity arises in US hydraulic fracturing - Precision Drilling Corporation
PDS: Top-tier rig operator trading at discount despite highest quality equipment. Strong buybacks & debt reduction continuing. Bullish on 2024-25 price recovery from depressed US market, with 30-50% rate increase potential as LNG demand drives gas services. Nobody building new rigs = pricing power when demand returns. 3rd year of downtrend = contrarian opportunity.
Read full article (2 min)