Saturday, January 11, 2014

Precision Drilling Corp (USA) (PDS): Precision Drilling: A Bright Future Awaits For This Canadian Driller - Seeking Alpha

Precision Drilling Corp (USA) (PDS): Precision Drilling: A Bright Future Awaits For This Canadian Driller - Seeking Alpha

This is an excellent article about Precision Drilling, the largest Canadian oil and gas drilling company.  PDS also has extensive drilling operations in the U.S.  The main focus of the article is the expected upcoming rise in LNG exports from Canada, and drillers will need to get the natural gas out of the ground.  Precision Drilling will be a leader in the new drilling areas.  I estimate upside for the company of at least 20% in the next 18 months from $9 per share. This will probably be more than you will get from the S&P 500 after the huge run-up in 2013.

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