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Precision Drilling Corp

Precision Drilling Corp (PD)

83.24
0.00
(0.00%)
Closed December 30 3:12PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
83.24
Bid
84.60
Ask
84.60
Volume
-
0.00 Day's Range 0.00
68.92 52 Week Range 109.20
Market Cap
Previous Close
83.24
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
87,925
Shares Outstanding
14,337,000
Dividend Yield
-
PE Ratio
4.13
Earnings Per Share (EPS)
20.17
Revenue
1.94B
Net Profit
289.24M

About Precision Drilling Corp

Sector
Drilling Oil And Gas Wells
Industry
Drilling Oil And Gas Wells
Headquarters
Calgary, Alberta, Can
Founded
-
Precision Drilling Corp is listed in the Drilling Oil And Gas Wells sector of the Toronto Stock Exchange with ticker PD. The last closing price for Precision Drilling was $83.24. Over the last year, Precision Drilling shares have traded in a share price range of $ 68.92 to $ 109.20.

Precision Drilling currently has 14,337,000 shares outstanding. The market capitalization of Precision Drilling is $1.19 billion. Precision Drilling has a price to earnings ratio (PE ratio) of 4.13.

PD Latest News

Precision Drilling Announces 2024 Third Quarter Unaudited Financial Results

CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full...

Precision Drilling Corporation 2024 Third Quarter Results Conference Call and Webcast

CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29...

Precision Drilling Announces Renewal of Normal Course Issuer Bid

CALGARY, Alberta, Sept. 13, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full...

Precision Drilling Announces 2024 Second Quarter Unaudited Financial Results

CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full...

Precision Drilling Extends Senior Credit Facility and Provides Progress Update on 2024 Debt Repayment and Share Repurchase Targets

CALGARY, Alberta, July 08, 2024 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full...

Precision Drilling Corporation 2024 Second Quarter Results Conference Call and Webcast

CALGARY, Alberta, July 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) intends to release its 2024 second quarter results after the market closes on Tuesday, July 30...

Precision Drilling Corporation Announces Voting Results from the 2024 Annual and Special Meeting of Shareholders

CALGARY, Alberta, May 16, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) is pleased to announce the results of the election of board members at its 2024...

Precision Drilling Corporation Holding Virtual-Only 2024 Annual and Special Meeting of Shareholders on May 16

CALGARY, Alberta, May 02, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision) would like to remind shareholders that it is holding its 2024 Annual and Special Meeting of...

Precision Drilling Announces 2024 First Quarter Unaudited Financial Results

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full...

Precision Drilling Corporation Announces Filing of Management Information Circular, Virtual-Only Annual and Special Meeting of Shareholders, and 2023 ESG Performance Data

CALGARY, Alberta, April 03, 2024 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD; NYSE:PDS) announces today the filing of its Management Information...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.291.5741305674281.9584.9381.955766683.41017677CS
4-5.86-6.5768799102189.189.1806572784.28858393CS
12-4.88-5.5379028597488.1293.4478.628792585.68020333CS
26-12.75-13.282633607795.99109.278.628674589.8201853CS
5211.0115.242973833672.23109.268.928496489.66878287CS
15639.3489.612756264243.9116.643.679634283.81210904CS
26081.394399.459459461.85116.60.38530455719.98936379CS

PD - Frequently Asked Questions (FAQ)

What is the current Precision Drilling share price?
The current share price of Precision Drilling is $ 83.24
How many Precision Drilling shares are in issue?
Precision Drilling has 14,337,000 shares in issue
What is the market cap of Precision Drilling?
The market capitalisation of Precision Drilling is CAD 1.19B
What is the 1 year trading range for Precision Drilling share price?
Precision Drilling has traded in the range of $ 68.92 to $ 109.20 during the past year
What is the PE ratio of Precision Drilling?
The price to earnings ratio of Precision Drilling is 4.13
What is the cash to sales ratio of Precision Drilling?
The cash to sales ratio of Precision Drilling is 0.62
What is the reporting currency for Precision Drilling?
Precision Drilling reports financial results in CAD
What is the latest annual turnover for Precision Drilling?
The latest annual turnover of Precision Drilling is CAD 1.94B
What is the latest annual profit for Precision Drilling?
The latest annual profit of Precision Drilling is CAD 289.24M
What is the registered address of Precision Drilling?
The registered address for Precision Drilling is 525 - 8TH AVENUE SW, SUITE 800, CALGARY, ALBERTA, T2P 1G1
What is the Precision Drilling website address?
The website address for Precision Drilling is www.precisiondrilling.com
Which industry sector does Precision Drilling operate in?
Precision Drilling operates in the DRILLING OIL AND GAS WELLS sector

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PD Discussion

View Posts
I-Man I-Man 4 years ago
Yes earnings good. Also As of December 31, 2016, the Contract Drilling Services segment consisted of 255 land drilling rigs, including 135 in Canada, 103 in the United States, five in Mexico, four in Saudi Arabia, five in Kuwait, two in the Kurdistan region of Iraq and one in the country of Georgia.
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Djk0689 Djk0689 4 years ago
Good to see we are going north again
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nowwhat2 nowwhat2 4 years ago
Posted this (oil) chart earlier this morn........ It's now up 12 pct

A friend of mine's claiming that TA is no-longer applicable......

These guys drill Oil Wells



One hour later








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whytestocks whytestocks 4 years ago
Breaking News: $PDS Precision Drilling Corporation (PDS) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. Precision Drilling Corporation (NYSE: PDS) Q3 2020 Earnings Call Oct 22, 2020 , 2:00 p.m. ET Operator Continue reading For further details see: Precision Drilling Corporation (PDS) Q3 2020 Earnings Call Tran...

Find out more PDS - Precision Drilling Corporation (PDS) Q3 2020 Earnings Call Transcript
👍️0
whytestocks whytestocks 4 years ago
JUST IN: $PDS Precision Drilling Corporation Announces 2020 Third Quarter Unaudited Financial Results

CALGARY, Alberta, Oct. 22, 2020 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which th...

Find out more PDS - Precision Drilling Corporation Announces 2020 Third Quarter Unaudited Financial Results
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Djk0689 Djk0689 4 years ago
Getting into another entry point I’m looking for $.45-$.55 range to rebuy.
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Djk0689 Djk0689 5 years ago
Going to break $1.00 soon
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Djk0689 Djk0689 5 years ago
Good to see this climb and double in value going to see $1.00 soon. Market on the move.
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mistercellphoneman mistercellphoneman 5 years ago
maybe not. didn't like the volatility the way this one opened this morning & dumped it with only a 10% ROI. oh wells.
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mistercellphoneman mistercellphoneman 5 years ago
I got some PDS looks ready to move up... WHEEEEE!
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Outcast27 Outcast27 5 years ago
Sure thinking about it ....
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RJ Trotts RJ Trotts 5 years ago
Any one buying this?
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ClayTrader ClayTrader 5 years ago
* * $PDS Video Chart 02-13-2020 * *

Link to Video - click here to watch the technical chart video

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Swampdude Swampdude 5 years ago
Thank you for the DD,

I'm new to this ticker and see that that news was sold off but that the PPS went up right after that sell off. Now it appears to be coming into a double bottom play on the charts and hopefully a reversal that sometimes goes with that.

The company is doing many things to set themselves up for future progress that can help raise the PPS for the shareholders.

SD
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ClayTrader ClayTrader 5 years ago
* * $PDS Video Chart 08-19-2019 * *

Link to Video - click here to watch the technical chart video

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whytestocks whytestocks 5 years ago
News: $PDS Precision Announces Reduced 2019 Capital Expenditure Plan and Board Approval of Normal Course Issuer Bid

CALGARY, Alberta, Aug. 19, 2019 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assump...

In case you are interested Precision Announces Reduced 2019 Capital Expenditure Plan and Board Approval of Normal Course Issuer Bid
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Middlejerm Middlejerm 6 years ago
Why is this stock going down?
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ClayTrader ClayTrader 6 years ago
* * $PDS Video Chart 02-14-2019 * *

Link to Video - click here to watch the technical chart video

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whytestocks whytestocks 6 years ago
News: $PDS Precision Drilling Corporation 2018 Fourth Quarter and End of Year Results Conference Call and Webcast

CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) intends to release its 2018 fourth quarter results before the market opens on Friday, February 15, 2019 and has scheduled a conference call and webcast to begin promptly at 12:00 N...

Got this from https://marketwirenews.com/news-releases/precision-drilling-corporation-2018-fourth-quarter-and-end-of-year-results-conference-call-and-webcast-7410336.html
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ClayTrader ClayTrader 7 years ago
* * $PDS Video Chart 10-30-17 * *

Link to Video - click here to watch the technical chart video

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ClayTrader ClayTrader 7 years ago
* * $PDS Video Chart 10-27-17 * *

Link to Video - click here to watch the technical chart video

👍️0
nycrew nycrew 7 years ago
2.52 - 2.95. Out today. Great trade. PDS.

Best of luck to everyone here. Looking good.
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ClayTrader ClayTrader 7 years ago
* * $PDS Video Chart 09-06-17 * *

Link to Video - click here to watch the technical chart video

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nycrew nycrew 7 years ago
Great day! PDS up 9%. Looking good.
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nycrew nycrew 7 years ago
Weekly chart looks like a possible upwards reversal in this area. Bought today at 2.52.

Looking for at least the low 3's in the next couple of weeks.

We shall see. Best of luck.

PDS
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eFinanceMarkets eFinanceMarkets 7 years ago
$PDS U.S. drilling creates “industrial inventory” of untapped wells waiting to flow

Oil companies left another 135 wells dormant in the Permian Basin in July, bringing the inventory of drilled but uncompleted wells to 2,330, up 73% Y/Y - wells that could add hundreds of thousands of barrels to surging U.S. oil output when the wells are brought into production.

"You drill, you move on, you frack [and] you get an inventory building," Precision Dilling (NYSE:PDS) CEO Kevin Neveu says. "The shift to multi-well pads has caused an industrial inventory of uncompleted wells to accumulate. The frackers can't keep up with the need."

The Energy Department expects Permian Basin production to rise by 64K bbl/day this month to 2.6M, part of the seven major U.S. shale plays that could pump 6.1M bbl/day, up by 117K bbl/day.
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scout19d scout19d 8 years ago
Whew, rebounded. Almost had a margin call.
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scout19d scout19d 8 years ago
Any opinions about current price?
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stocktrademan stocktrademan 8 years ago
PDS bullish 5.11


http://www.precisiondrilling.com/

ichimoku scan
inverted head and shoulders pattern

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JoeRoganFan JoeRoganFan 8 years ago
The candle stick today looks like a hammer.
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ogbull ogbull 9 years ago
PDS moving back up.

If you study the weather you see that southern Canada with have one of the coldest winters of record. Natgas demand will got to the moon and so will drilling demand. PDS has the most modern natgas drilling fleet in North American. They can drill the long laterals that frackers want now. Their rigs will be in high demand and fetch top day rates near $40,000 day. This will be PDS,s best year ever. This is a double in 6 months!

I have followed this stock for years. They've worked hard but never really had the modern fleet they needed. Now they do and everything is coming together for this company.

The will soon have a 6 month backlog!
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ogbull ogbull 9 years ago
POSITIVE!

http://www.bloomberg.com/news/articles/2016-06-09/continental-fracking-unfinished-oil-wells-after-rally-to-50
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ogbull ogbull 9 years ago
PDS third best land driller in customer satisfaction!

http://oilpro.com/image/11884/?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2016-06-09&utm_content=Article_11_txt

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ogbull ogbull 9 years ago
This is no sell off. Volume less than 1/3 of normal. Institutions holding. Only weak small time traders running out. Time to hold. This is one of the best land drillers in North American.

Ignore this temporary bullshit. Set tight, all will be fine in a few days.
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ogbull ogbull 9 years ago
Precision drilling modern fleet is designed for natural gas plays, not so much for oil. In other words, the stock price should track nat gas prices and not crude oil. The drilling money is gonna be spent drilling gas.

Precision will double by Christmas.

The Canadian drilling season begins in January and runs for 4-5 months. Canada will be colder this winter tan it has been in decades. Gas demand will skyrocket. It looks like a great year for Precision.
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ogbull ogbull 9 years ago
PRECISION DRILLING TOP PICK!

PDS is set up to drill the gas wells all the producers want. Nat Gas just popped 10 cents of low storage and higher demand. Gas is going to $5/mmBtu and maybe even $6/mmBtu by Christmas simply because new drilling has been at a 50 year low. Buyers have not figured it out yet, but they will see the potential in a few days.

This will be the biggest boom drillers have ever seen. Day Rates will pop up to $40,000 per day for tier one rigs. 95% of PDS fleet are the best gas rigs in the business. Look out moon... here we come!
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ogbull ogbull 9 years ago
Nat Gas just went to the moon like I said it would. NatGas drilling will be booming in a few short weeks!

NatGas Jumped to $2.56/mmBtu and will continue to rise until it passes $3 or $4/mmBtu.

Rock and Rock Precision Drill!
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ogbull ogbull 9 years ago
DRILL BABY DRILL!

Listen to all the old pros and they'll tell you to keep an eye on the rig count.

Rigs drilling for gas hit a 50 year low a few weeks ago and the count is still going down. In my opinion, Precision Drilling (PDS) has positioned themselves to double in the next 6 months.

I day-traded this stock for years and now think it's rip for a buy and hold. It might bounce around for a few days days but sooner than you can imagine, it will start a march up to $12.

We've been lied too by EIA and others about what they say is a coming gas crash, but it ain't gonna happen. The purpose of the lie is to allow the big boys to slowly move in first.

RigData last month reported that it could not find any active rigs in the Barlett natural gas field that underlies about two dozen counties in North Texas.The area supported nearly 200 rigs less than a decade ago.

Plummeting oil and gas prices, along with the seductive lure of bigger payouts in other parts of Texas and across the country, have brought exploration in North Texas to a halt. In March of last year, the count dropped to one rig for a week, then stayed under 10 since then.

Things have gotten so bad that the Powell Shale Digest in Fort Worth, once a must-read for those following industry activity in the Barnett, published its last edition a month ago.

The Barnett’s heyday was 2008. That June, the average monthly price of gas was $12.78/mmBtu, stirring up so much interest that by September there were 194 rigs in the field, the highest recorded by RigData, according to the Powell Shale Digest.

Hastening the decline were moves by the Barnett’s biggest players to take what they learned about drilling unconventional wells in hard shale rock and head where the gas was greener. The Marcellus and Utica formations in Pennsylvania and Ohio are considered more productive, but these areas are short of pipelines. It does not good to drill wells if there's no way to get the gas to market.

As natural gas prices began their fall from historic highs, drilling started dropping. In 2009, the number of rigs dropped below 100, never to see triple digits again. Three years later, the number of rigs dipped below 50 for the first time. Now they hit zero!

XTO Energy, once a big player in the Barnett, said in March that it no longer had any rigs working in the area. And BlueStone Natural Resources II, soon after it bought another big Barnett player, Quicksilver Resources, out of bankruptcy, said it didn’t anticipate having many new drilling rigs.

“I think the current price level of natural gas is not terribly supportive of drilling, but quite honestly we have a longer-term view for the assets,” John Redmond, president and chief executive of BlueStone, said at the time. Natural gas was selling for about $2 then. If the EIA is right with its latest report, gas will drop to $1/mmBtu by November 2016.

Last month, the number of rigs exploring for oil and natural gas in the U.S. dropped to 431, another all-time low, with 343 searching for oil and 88 for natural gas. A year ago, 932 rigs were active, according to Baker Hughes.

With the price at $2.40 Monday, the near-term future for the Barnett is not promising, Brackett said.

He said his publication’s founder, Gene Powell, once said it would take $6 to $6.50 natural gas prices for six months or more to lure drillers back to the Barnett. “We’re a long way from where prices need to be for us to see a lot of interest in the Barnett Shale,” he said.

“Given our publication started as the Barnett Shale Newsletter, the fact that the rig count has gone to zero it almost seems appropriate we are closing,” he said. “When we started this thing, there wasn’t really anything else than the Barnett.”

This story will repeat itself over and over again.

Gas and oil will disappear unless there is higher prices and an explosion in drilling.

Coal will return to KING and we will all burn to death as global warming turns life on Earth into a living hell.

The time to buy land drillers is now!
👍️0
ogbull ogbull 9 years ago
GAS DRILLING BOOM MUST COME!

Natural gas prices must rise and drilling boom must follow or we will run out of natural gas and face a serious disaster!

New oil discoveries have fallen to a six-decade low as explorers cut billions of dollars of capex spending to ride out the biggest market slump in a generation. Why is the market not worried about a shortage? Because the necessity to cut CO2 to stop global warming and filthy air in cities will curb oil consumption. Vehicles of all sorts will be forced to convert to natgas, including trucks, trains, planes, and ships. The new natgas-fired turbines are ready to go. They will be cheaper to operate on natgas than on oil. Conversions will save shippers lots of money.

Coal is dead! Crude is slowly dying!

The primary fuel for the next 20 years has to be clean burning natgas because it cuts CO2 by 50% and there is no other replacement.

Natural gas, the cleanest fossil fuel, is a highly efficient form of energy. It is composed chiefly of methane; the simple chemical composition of natural gas is a molecule of one carbon atom and four hydrogen atoms (CH4). When methane is burned completely, the principal products of combustion are carbon dioxide and water vapor.

Natural gas's advantages over other fuels include the following: it has fewer impurities, it is less chemically complex, and its combustion generally results in less pollution. In most applications, using natural gas produces less of the following substances than oil or coal: carbon dioxide (CO2), which is the primary greenhouse gas; sulfur dioxide, which is the primary precursor of acid rain; nitrogen oxides, which is the primary precursor of smog; and particulate matter, which can affect health and visibility; than oil or coal. Technological progress allows cleaner energy production than ever for all fuels, although the inherent cleanliness of gas means that environmental controls on gas equipment, if required, tend to be far less expensive than those for other fuels.

Natural gas also is helping America develop clean alternative energy sources in various ways, such as the following:

Natural gas is used to make fertilizer for ethanol.
Natural gas is used to make methane for hydrogen.
Hydrogen is used to eliminate soot for cleaner diesel fuel.
Electric utilities use natural gas to generate clean power.
Natural gas is a raw material that goes into lightweight cars, wind power blades, solar panels and energy-efficient materials.

Using natural gas to replace less environmentally benign fuels can help address simultaneously a number of environmental concerns, such as smog, acid rain and greenhouse gas emissions.

Natural gas is highly efficient. About 90 percent of the natural gas produced is delivered to customers as useful energy. In contrast, only about 30 percent of the energy converted to electricity in conventional generating facilities reaches consumers.

In order to pursue alternative energies, the United States must safely access America's natural gas supplies to bridge the cap until solar and wind can take over. It can't happen without natural gas.

We must switch to natural gas or we all die of heatstroke from Global Warming!

This is why the majors cut the capex in oil exploration. They are also walking away from offshore drilling and getting very serious about onshore fracking for natural gas.

The majors and the deep pockets are smart enough to know that crude oil is on the way out and natural gas is on the way in. If they want to survive, they have to start fracking for gas and they will have to act within the next 6 months.

By 2035, natural gas turbines will be the largest source of electrical power in the U.S., jumping from 21 percent today to more than 40 percent. Coal will dip below 20 percent, while nuclear will stay flat at around 21 percent.

We are looking at a world over time that is switching to natural gas. It is the fuel of the future!

Although natural gas is the big winner, new renewables like solar, wind and geothermal will see a jump as well, rising from four percent of the mix today to 11 percent by 2035.

The outlook is the result of a variety of factors. Technology allowing fossil fuel companies to access shale gas deposits, combined with a proposed pipeline in Alaska that should kick into gear in the next decade, could keep the price of gas under the $8 per million BTU level through 2030.

Precision Drilling will soar during this period!





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ogbull ogbull 9 years ago
Let's talk about a drilling boom!

The recently released EIA Annual Energy Outlook 2016 forecasts almost unlimited gas supply at low prices. This is a lie! U.S. shale gas production is declining because of low prices AND WILL CONTINUE TO DECLINE!

The financial performance of shale gas-weighted E&P companies in the first quarter of 2016 was a disaster. Chesapeake, the biggest shale gas producer in the US, had negative cash from operations. That means that oil and gas sales didn’t even cover operating costs. Other shale gas plays including Anadarko, Comstock and Petroquest also had negative cash from operations. Goodrich and Sandridge are in bankruptcy and Exco and Halcon will soon follow. Ultra, Forest, Quicksilver, Swift and Talisman went BK last year. On average, surviving companies out-spent cash flow by two-to-one both in 2015 and 2016 but many normally strong companies greatly increased negative cash flow this year.

In other words, gas prices below $3 cannot sustain producers so why is the EIA lying to us!

Shale gas is the principal support for all U.S. gas production since conventional gas is drying up. U.S. dry gas production has declined almost 1 Bcf per day since September 2015 largely because of low gas prices.

Henry Hub gas prices have fallen 120% over the last 2 years from more than $6/mmBtu in January 2014 to $2.47 today and prices have been below $3/mmBtu since early 2015. A similar gas-price decline occurred from June 2011 to April 2012. Then, dry gas production fell when prices dropped below $3/mmBtu.

$3 is well below the breakeven gas price for any operator in any play. Even in the Marcellus–the most commercially attractive shale gas play–breakeven prices are more than $3.

All plays have declined from their respective peaks except the Utica Shale. Marcellus production accounts for more than a third (-0.36 Bcf/d) of shale gas decline in 2016. There is certainly no shortage of supply in that play but low prices and related delays in pipeline commitments have taken their toll on production.

There are no longer any "tier 1" horizontal rigs drilling in the Barnett or Fayetteville. These plays were supposed to help provide the U.S. with 100 years of gas supply.

Gas prices must increase or there will be no one left to produce it!

Lower gas production along with increased consumption and exports spell much higher gas prices later in 2016 and in 2017. On the other hand, the very latest estimates from EIA show that there will be no more storage capacity by October 2016. No more storage capacity will move prices to $1.00/mmBtu.

How can that be true!

Shale gas made sense in 2010 when real gas prices averaged almost $7/mmBtu. That was because there was a supply deficit as conventional production declined before shale gas supply increased to replace it.

Falling gas prices have exposed the BIG LIE. Production growth in the last few years was funded by debt. Capital in search of yield continued to flow and overproduction pushed prices $1.61 by the end of 2015. Gas producers had to produce to pay the interest on the debt, and they did not want anyone to know about it!

The wreckage was obvious in late 2014 but no one so it coming. The disastrous 1Q16 financial data and falling production should have made it clear to everyone. The Barnett and Fayetteville plays that were supposed to last 100 years are dead at current prices. The Haynesville will probably follow soon enough. Capital is vanishing into thin air and so will production.

SOMEBODY LIED TO INVESTORS IN A BIG WAY! SEE MY NEXT POST TO FIND OUT WHY!
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ogbull ogbull 9 years ago
Just took a nice stake in PDS. Here's why:

Precision Drilling's New MODERN Fleet!

In Canada, Precision is the largest contract driller in the premium rig category. Going into 2016, the company had ~134 rigs deployed in Canada accounting for ~30% market share of the high-performance rig segment.

In the US, PDS operates the fourth largest fleet of ~102 rigs, over 70 of which are high-performance newbuilds (the fourth largest modern-generation fleet after Helmerich & Payne, Nabors, and Patterson-UTI). The company's market share in the high-performance US segment is close to 10%, and its stock price is under $6 while HP is $60+, NBR is near $11, and PTEN is $21+.

PDS retired all its older rigs and reduced its fleet to 238 Super Series "tier 1" rigs worldwide. It is modeling itself after the highly successful Helmerich & Payne (HP). They had to do it because the big boys were pushing the small drillers out of business.

The Super Series "tier 1" rigs feature AC drive, digitized control systems, integrated top drive, bi-directional pad walking or skidding systems for multi-pad well drilling, highly mechanized pipe handling, and high capacity mud pumps. The Super Single specification is a smaller, fast-moving, hydraulically-powered mechanized rigs that are optimized for shallow- to medium-depth resource plays in North America.

Tier 1 are rigs are high performance and very mobile. These are automated with advanced drilling controls. Horizontal capabilities and capacity mud pumps make these highly suited for deeper shale plays that have complex drilling needs, especially when drilling for oil. These rigs have hydraulic legs and can walk around on a large drilling pad to drill many holes in a given area. They are designed for pad-drilling operations.

The latest Pad-optimal rigs have six specific characteristics: 1,500 hp, dual-fuel capabilities, 7,500-psi mud system, safe by design and capable of fast conventional moves, omnidirectional walking systems, and AC drive. These rigs will be the first to achieve 100% utilization in 2016. Equipment that doesn’t meet these characteristics will returned to work on a slower tempo than pad-optimal rigs.

PDS is also stacked 10 Tier 2 rigs. These rigs can drill deep horizontal holes, but aren't mobile for pad-drilling operations. They have scrapped all but 15 Tier 3 rigs because they are unsuitable for horizontal drilling. They do have market niche opportunities so holding 15 makes sense, especially since they are already paid for 10 times over.

This make PDS the least expensive way to play the upcoming land drilling boom (see me next post).
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stocktrademan stocktrademan 9 years ago
$PDS recent news/filings

bullish 4.645

## source: finance.yahoo.com

$PDS charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$PDS company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/PDS/company-info
Ticker: $PDS
OTC Market Place: Not Available
CIK code: not found
Company name: Precision Drilling Corp.
Incorporated In:

Business Description:

$PDS share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$PDS extra dd links

Company name: Precision Drilling Corp.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/PDS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/PDS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=PDS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=PDS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=PDS+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/PDS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/PDS/news - http://finance.yahoo.com/q/h?s=PDS+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/PDS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/PDS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/PDS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/PDS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/PDS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/PDS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/PDS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/PDS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=PDS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/PDS
DTCC (dtcc.com): http://search2.dtcc.com/?q=Precision+Drilling+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Precision+Drilling+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Precision+Drilling+Corp.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/PDS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/PDS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/PDS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/PDS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/PDS/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/PDS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/PDS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/PDS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/PDS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=PDS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=PDS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/PDS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=PDS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=PDS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=PDS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=PDS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=PDS+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/PDS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=PDS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/PDS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=PDS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/PDS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/PDS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/PDS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/PDS/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/PDS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/PDS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/PDS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=PDS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=PDS



$PDS DD Notes ~ http://www.ddnotesmaker.com/PDS
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JoeRoganFan JoeRoganFan 9 years ago
How much lower can this go. I don't think much. If I get a chance I'll buy and hold a year. Oil won't be this cheap forever.
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JoeRoganFan JoeRoganFan 9 years ago
So could this be the bottom. I'll wait and watch.
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Timothy Smith Timothy Smith 9 years ago
Drilling rig count drop gas finally started to reverse. Not good for oil prices but shows there is a level of stability at this threshold.
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girlfriend girlfriend 9 years ago
PDS (and PTEN) also received nice mention by Merrill Lynch today they see "vast" upside potential in both land drillers. I was going to buy PDS at 5.40-5.50 glad I held off but who knows where she ends up. Will add lower if need.
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Timothy Smith Timothy Smith 9 years ago
Scotia Bank estimates PDS’s market share in Canada has climbed to 26%, a gain of 215 bps, where the company has lost share over the years, along with a 64 bps lift to 6.5% in the U.S.
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Timothy Smith Timothy Smith 9 years ago
Precision Drilling (PDS -0.9%) is upgraded to Outperform from Neutral with a C$9.50 price target, up from C$8.50, at Scotiabank after the company's better than expected Q2 results showed its resiliency.
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girlfriend girlfriend 9 years ago
Starting to get back in energies in a slow methodical way…..tiptoeing! Back in PDS here at 4.80 for a few shares.
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JoeRoganFan JoeRoganFan 10 years ago
Its nice waking up and seeing almost a 3% increase.
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