Precision Drilling Corp (NYSE:PDS)
The Company is a provider of contract drilling, service rig and ancillary services to oil and natural gas exploration and production companies in Canada and the United States.
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more drilling
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up graded fleet plus added dividend. there is demand for thier serves.
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watchlist
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Established Canadian Driller who harvests gas * oil. As demand rises, PDS is positioned to capitalize on their veteran status. PDS doesn't pay a divident and has the lowest PE in the industry. Earnings are on the rise. What's not to like with this company?
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simple contrarian long play
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short term trade will sell at $12
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Entry @ 9.7 target $16
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hopefuly keysone pipe line goes threw
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No sign of slowing down.
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drilling for oil and natural gas increasing in North America, where PDS does its business, so should increase profits in coming years
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Large Move with Relatively Low Short Interest
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Return to dividend?
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Just checking near term range for price movement.
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i think they have a great new leadership and are in the right type of drilling operations.
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Drilling companies are oversold and demadn is high for on-shore drilling.
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Pros:Conversion from trust, low price to book value ratio, increasing number of onshore rig services,higher energy prices
Cons:Low margins
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beneficiary of gulf oil spill and recovery in gas and oil drilling
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up from here
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I love Oil stocks as oil price will always go up and this stock look solid ...buying
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