Professional
Added to YB: 2025-03-06
Pitch date: 2025-01-27
PDS [bullish]
Precision Drilling Corporation
-28.42%
current return
Author Info
No bio for this author
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 North America and the Middle East.
Market Cap
$920.1M
Pitch Price
$61.30
Price Target
N/A
Dividend
N/A
Sector
Energy Equipment and Services
Category
value
Aegis Value Fund New Position: Precision Drilling Corporation
PDS: Canadian oil & gas driller at 0.7x TBV, <5x 2024 FCF. 78 rigs in Canada, 34 in US, 8 in ME. Bullish on Canadian energy due to TMX Pipeline & LNG exports. US gas drilling may rebound on colder winter. Debt <1x EBITDA by mid-2025. 25-30% FCF to shareholders in 2024, 50% after 2025. 4% shares repurchased.
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