Precision Drilling Trust (USA) (PDS)

It's been beaten down. It has about 250 rigs available of which half are only operating. As oil goes up, so should this stock. If they resume their dividend payouts, it should go up even faster.

All we need is to have another need for energy exploration which will come no matter what for this stock to be poised for gains.

Valuation, and breaking into the natural gas play in PA.

If I say I'm an Oil man than You'll agree

Made an acquisition and later eliminated its debt successfully. Now it's time to make money. Long-term hold.

Give it time, and it's a sure a bet as any in the sector.

Stock screener, though I've played this one before.

Given the fact that this company has smart managenent. And has employees that have years of expeirience in the business. The company has a good safety record in the industry. They have rigs located in the Haynesville Shale play in North Louisiana with long term contracts

Taken down with the recent sell off. Long-term it is likely to continue to rise since energy will always retain some real value, as opposed to fiat currencies.

Price/Sales (ttm): 1.69
Price/Book (mrq): 0.79

Total Cash (mrq): 168.71M
Total Debt (mrq): 797.23M
Current Ratio (mrq): 2.531

Div> 4%
Profit Margin > 20%
Book Value Per Share (mrq): 9.157

This one isn't only being carried by the raising price in oil, it's also brought up by the price of natural gas, which is terribly undervalued right now. Yahoo F. has it hitting 25 dollars which I think is unrealistic, but expect double digits really soon.

holding ..but not buy now

Oil will return to $120/barrel as much as I hate to see it, by then this stock will be $18! Maybe it will help me pay for gas!!

Drilling will begin to pickup as demand for NG improves.

Low P/E, battered by the past year's worth of drama.

Precision is a leading provider of safe, high performance energy services to the North American oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, camps, snubbing units, wastewater treatment units and rental equipment backed by a comprehensive mix of technical support services and skilled, experienced personnel.

The acquisition of Grey Wolf was just bad timing. However, they’re now one of the largest land drillers in the world, not just in North America. They just operate here. Revenue has declined but that was anticipated. They made solid management decisions to shore up debt and seek good financing on bridge loans in the middle of the worst credit crisis since the great depression. This driller is far from doomed. They’re just waiting around in a cash conserve mode waiting for the prices of crude and natural gas to rebound. Oil won’t stay in the 60 BBL forever.

Earlier this month Reuters published the headline, “T. Boone Pickens: I’m long oil, after the oil tycoon forecast $75 per barrel crude by the end of 2009, $85 in 2010.

Then earlier this week, a government report showed that U.S. crude inventories dropped the most since May of 2008, sending futures up more than $3 per barrel -“Hello” - Oil has continued to show strength and breaking to a new high for 2009, above $74. It appears Mr. T prediction is right around the corner, but with less than two thirds of 2009 in the books, where will prices go from here?

$75 oil will send prices even higher I believe we are poised to reach the $75 price point, and continued. If we do, you will see a wave of buying and would be good news for a number of oil-related equity sectors.

Just as night follows day, tomorrow’s crude oil prices will save the drillers gloom and doom. PDS would likely enjoy a rally on the back of $75 oil prices. Oil will and is going back up, which makes PDS poised to pop on a joy ride to newer highs. Precision Drilling Trust is a Pure Long Play.

Drill baby drill. Have rigs will travel. Many reasons to bet our oil consumers will be consuming oil in the next 5 years.

China is starting to diversify their oil dependency. Never a bad thing for a drilling company.

Short term and long term winner. It will destroy the S&P.