| Comment | 54.500 | Joseph Schachter | Wanted to build up their presence in the US and bought Grey Wolf. If the price of oil recovers in 2008/2009 winter there could be mid-teens natural gas next year. | 2008-08-26 | |
| BUY | 54.500 | Don Lato | Canadian Natural Rsrcs (CNQ-T) would probably be his Top Pick in the oil sector on the Canadian side but he also has positions in Encana (ECA-T), Suncor (SU-T) as well as Precision Drilling (PD-T). | 2008-08-13 | |
| DON'T BUY | 54.500 | Gordon Higgins, CA, MBA, CFA | Many companies are pulling back drilling expectations for next year. This could make it very difficult. | 2007-09-12 | |
| PAST TOP PICK | 54.500 | Michele Robitaille | (A Top Pick Sept 16/05. Converted to a trust and she was down slightly.) Now a trust and the trust is a top pick for today. | 2005-11-18 | |
| PAST TOP PICK | 54.500 | Ian Ainsworth | (A Top Pick Jan 20/05. Up 10%.) | 2005-11-16 | |
| BUY | 54.500 | Bill MacLachlan | Changing to an income trust which is a good move on their part. Will probably perform quite well going forward. The caveat is the cyclical nature of the drilling bit. At or near the peak of this cycle. Should be able to maintain good solid earnings growth. The current price is a reasonable level for anyone looking for a high quality income trust. | 2005-11-04 | |
| BUY | 50.100 | David Baskin | Now that they have shed their international operations, this would be a pretty good trust. Feels the stock is probably worth $56/58. | 2005-10-24 | |
| BUY | 49.750 | Brian Acker, CA | His a model price is $52. Beginning to see signs of value within this group. | 2005-10-20 | |
| BUY | 54.270 | Michael Smedley | Was a little surprised that it sold off its fabulous international holdings. Should be a goiod trust. | 2005-10-11 | |
| DON'T BUY | 57.240 | James Cole, BA, CFA | Has done a faboulous job. Could be OK for short term trades but this is not how he invests. | 2005-09-22 | |
| TOP PICK | 60.000 | Michele Robitaille | Very levered to the oil fields. The largest contract driller in Canada. Well run. | 2005-09-16 | |
| BUY | 59.100 | Greg Guichon | Have started purchasing on its announcement of converting to a trust. Expects that energy prices are going to stay very high for a very long time because of the basic supply/demand characteristics of the world. | 2005-09-09 | |
| BUY | 57.800 | John Stephenson | An excellent name. Has another $5 to $8 in the name. Good entry point. All the drillers is a good way to play the energy sector. | 2005-09-01 | |
| BUY | 53.750 | David Burrows | Going to go the route of a trust. | 2005-08-25 | |
| BUY | 53.390 | Laura Wallace | Although she doesn't own any at present, the oil services is a good sector. This one is up because of trust conversions, etc. A very well run company and will continue to benefit from higher oil prices. | 2005-08-24 | |
| PAST TOP PICK | 52.990 | Gavin Graham | (A Top Pick Jun 8/05. Up 10%.) Recommeneded this after they announced they were going to change into an income trust. Continues to like. | 2005-08-08 | |
| HOLD | 51.350 | David Cockfield | All oil service companies such as Ensign (ESI-T), Precision (PD-T), Trinidad (TDG.UN-T) and Wellco (WLL.UN-T) are doing extremely well. Had a very wet spring which tied up some of the rigs and could affect the earnings. This one is a little trickier as they are talking about going into an income trust. | 2005-07-28 | |
| BUY | 48.000 | Laura Wallace | An extremely well managed company. As a trust vehicle, it could be very interesting. Drilling companies are a high beta play on oil stocks. | 2005-07-19 | |
| VAGUE | 47.190 | Michele Robitaille | Sold off their international interests in preparation of becoming a trust. The man behind the trust is contemplating retirement and the CFO has resigned which is a concern. | 2005-07-15 | |
| TOP PICK | 48.900 | Gavin Graham | Will be turning themselves into an income trust. Have sold their international drilling operation and their energy services. You are left with the domestic drilling business which is going great guns. | 2005-07-13 | |
| WEAK BUY | 49.310 | David Baskin | Sold its international assets to a US based company which took back some cash and some shares in exchange and will likely turn the rest of the company into an income trust. Sorry to see it change into an income trust because it has been a great growth story. Thinks it's worth $52/54 after conversion. | 2005-06-23 | |
| BUY | 49.400 | Fred Sturm | The energy services sector still has many years of opportunity ahead. Believes that a full valuation for the company, post all of its restructuring, is still 15% higher than current. Will require some patience. | 2005-06-22 | |
| BUY | 49.400 | Norman Levine | A good way to play the oil sector. You can buy now rather than waiting for it to become an income trust. You could also look at Trinidad Energy Services (TDG.UN-T) which is a favourite of his. | 2005-06-22 | |
| SELL | 50.450 | Ross Healy | Prior to announcing that it was going to become an income trust, it was a very interesting stock and had a lot of upside potential. The company is now selling of its interesting parts, the growth parts, which takes some of the interest and excitement out of the stock. | 2005-06-16 | |
| BUY | 48.950 | John Zechner | Sold off some European assets and there was speculation that it would become a trust. Price rose on the news and then fell off due to the assets going for less than the market expected. Once the assets are sold and the Canadian assets are trusted, you could be looking at the high $50's. | 2005-06-14 | |
| BUY | 49.350 | Patrick Kim | Chances are very good that it will convert into an income trust. Relative to other energy service trusts this will be one of the more stable, conservative trusts because it owns such a large part of the Canadian market. | 2005-06-10 | |
| TOP PICK | 47.900 | Gavin Graham | Selling their international drilling operations and non-trustable assets and looking to convert into an income trust. | 2005-06-08 | |
| TOP PICK | 47.900 | Michael Smedley | It seems almost a certainty that you can get $5/10 out of this. Fell today because US holders and mutual funds who just don't want to get mixed up with the income trust sector. Selling off their international operations. | 2005-06-08 | |
| BUY | 48.970 | Michael Smedley | The king of the drillers. Over the long term, should continue up. Becoming more well versed in international operations. Would also Buy Calfrac Well Services (CFW-T) and Producers Oilfield Services (POS-T). Took profits on this one so doesn't own currently. | 2005-05-25 | |
| BUY | 87.750 | John Stephenson | Has done very well. Bullish on drilling as he feels drilling will remain very active and will probably increase. Has very strong EBITDA margins at 44%. Trades in line with its peers although it's growing faster. Trades at a discount to its US comparables. | 2005-03-30 | |
| BUY | 87.000 | David Baskin | Oil services companies have a seasonal component. Once the spring break-up comes in the north, it's very difficult to move oil rigs around. Views the oil services as longer term plays. Prospects for the entire group is pretty good. | 2005-03-29 | |
| DON'T BUY | 93.360 | Bill Harris, CFA | Drilling in Canada is sort of a duopoly between this and Ensign (ESI-T). The problem is the drilling cycle, so far, has a record number of wells looking like another record being set. Drilling stocks reflects that. Historically juniors have just thrown money at the drillers, but are more disciplined now. Would rather play the producers than the drillers. | 2005-03-21 | |
| TOP SELL | 86.870 | David Baskin | Sold 1/3 to 1/4 when it went north of $80 mark. Typically falls in the spring when the drilling season is over and then languishes for a few months. | 2005-02-08 | |
| BUY on WEAKNESS | 80.760 | David Cockfield | Has just broken into new high ground. Like a lot of the oil and gas stocks it has been marking time since October when oil prices peaked out at $55. Likes the whole group of drilling companies. Drilling and service companies will do well for the next few years, no matter what happens to the price of oil. Try to buy on a pull-back. | 2005-01-21 | |
| TOP PICK | 80.750 | Ian Ainsworth | Still thinks it has room to go. Not counting on the unit trust rumour that's going around, but it would help. Undervalued relative to its peers. Has good momentum. Industry is poised for a few really good years of profitability. | 2005-01-20 | |
| TOP PICK | 75.000 | Eric Bushell | Western Canadian decline rates are getting steeper and steeper, so more wells have to be drilled just to keep production flat. Utilization rates are high and are going to go higher. Rig rates are high. Made a very timely acquisition of a rig fleet. Also a potential to become an income trust. | 2005-01-06 | |
| TOP PICK | 72.800 | David Baskin | Over the last few years they have internationalized themselves. Now a global operation. Rigs for drilling are in short supply. as soon as freeze-up comes, they'll be going full tilt. | 2004-12-09 | |
| BUY | 71.000 | Mark Jackson, CFA | Likes the drillers. Cash flow that is being generated out west by oil companies is being poured back into drilling. Prefers Ensign as the vauations looks a little more attractive. A very well run company. | 2004-12-07 | |
| BUY | 77.240 | John Stephenson | Trading a little richer than some of the other oil service names, but it has an international presence, cash flow is expanding giving it a higher multiple. Should go higher. | 2004-11-24 | |
| BUY | 72.950 | Laura Wallace | Feels there is upside on the stock. Earnings are good. Trades at a discount to the big 3 in the US. Their international division shows a lot of promise. Reasonably priced on earnings. | 2004-11-18 | |
| BUY | 74.570 | Mark Jackson, CFA | Was considering, but the recent runup caused him to look elsewhere. Prefers Ensign which trades at a significant valuation discount to this one. Expects drilling activity will be high. | 2004-10-04 | |
| BUY | 63.200 | David Baskin | Will probably peak out at around $75-$80. Will continue to be busy. | 2004-08-17 | |
| BUY | 65.200 | David Baskin | Earnings just reported were pretty good. A little bit of problems still in the technical services group. All indications are that they are going to have a blow-out year. | 2004-07-29 | |
| VAGUE | 65.170 | Joseph Schachter | Management has done a great job. Internation name. | 2004-07-09 | |
| BUY | 65.150 | Pierre Bernard | Good cash flow should continue to do well. | 2004-06-16 | |
| BUY | 58.950 | David Cockfield | The price has been quite soft lately so they have been buying more. Drilling industry is doing exceptionally well. | 2004-06-04 | |
| BUY | 59.000 | Brian Acker, CA | Likes the stock. | 2004-06-03 | |
| DON'T BUY | 60.680 | Robert Floyd | Should track similarly to the oil/gas securities. Would wait for a lower price before buying. | 2004-06-01 | |
| PAST TOP PICK | 66.240 | John Zechner | (A top pick Oct 2/03. Up 25.5%.) Still likes. Drilling story still looks pretty good. | 2004-05-06 | |
| HOLD | 67.700 | Peter Brieger | Oil service companies is one of their favourite ways of participating in the oil/gas sector. A premier company. Fully priced at 15 X earnings. | 2004-05-04 | |
| DON'T BUY | 64.700 | Glenn Paradis, BA, CFA | A great company. Drilling looks good for 2004 so sees some support for the stock price but not sure how sustainable it is. | 2004-04-22 | |
| BUY | 64.550 | Peter Brieger | Sells at a price/earnings ratio of 15/16 times. Cheap, compared to its US peers. | 2004-04-14 | |
| PAST TOP PICK | 61.290 | David Burrows | (Past top pick Jan 12/ 2004 up under $1) Going to do well. Set up attractively. | 2004-03-31 | |
| TOP PICK | 66.430 | John Zechner | Good technology. Valuations, compared to US peers is very good. A growing business in general. | 2004-03-03 | |
| BUY | 66.900 | David Baskin | Still has some legs. Had terrific earnings in the last quarter. Made a lot of money drilling gas wells. If it gets to $70, take some profits. | 2004-03-01 | |
| BUY | 63.200 | Laura Wallace | Excellent company. The high price of oil should keep them busy. Can be volatile. | 2004-02-25 | |
| WEAK BUY | 63.410 | Norman Levine | Had good run, it's up near it's high. If you own it keep it, you might want to buy more. | 2004-02-11 | |
| WEAK BUY | 63.240 | Ron Meisels | Has been subjected to profit taking as of late. Stock has good support. Target of $68 | 2004-02-02 | |
| WEAK BUY | 61.560 | David Cockfield | Going to drill a record number of wells. 2-3 years of good prospects. | 2004-01-29 | |
| TOP PICK | 63.300 | David Burrows | As people start to recognize that oil prices are going to remain high, then it's time to start looking at the oil service companies. | 2004-01-22 | |
| DON'T BUY | 63.350 | Norman Levine | Would prefer a Petro-Canada or a Suncor. Very seasonal. | 2004-01-21 | |
| TOP PICK | 60.840 | David Burrows | | 2004-01-12 | |
| TOP PICK | 58.500 | David Baskin | Has gone up, but should go up more. His understanding is that all the drill rigs in western Canada should be occupied all winter. Contract rates are very high. | 2004-01-07 | |
| HOLD | 57.730 | Peter Brieger | Thinks it has 10/15% upside from here, over the next 12 months. | 2003-12-22 | |
| BUY | 55.900 | Ted Macklin | Entering the season for strong drilling activity. Should do well in the next 3/4 months. | 2003-12-16 | |
| BUY on WEAKNESS | 55.160 | Larry Berman CFA, CMT, CTA | Has an up and down pattern. In this type of situation, you want to buy on weakness. Has to break out beyond $60 before it will be in an upward trend. | 2003-12-15 | |
| TOP PICK | 18.730 | Gavin Graham | Earnings tripled in the third quarter. They have 65% of their rigs utilized. Gas price is going through the roof so more wells will be drilled. | 2003-12-15 | |
| BUY on WEAKNESS | 54.990 | Peter Brieger | More optimistic on energy prices then the street. Should create a solid upward move in drilling stocks. Buy on weakness. | 2003-12-10 | |
| DON'T BUY | 54.040 | Norman Levine | Drilling activity is not as strong as hoped. Would consider oil/gas stocks instead. | 2003-12-04 | |
| VAGUE | 51.100 | Fred Pynn | Fairly cyclical and dependent on oil industry spending. Very profitable. Market may be discounting the eventual rolling over at the peak of its cycle of its earnings. This may be the reason for the stagnant share price in the range. | 2003-11-27 | |
| WAIT | 51.000 | Ron Meisels | Charts indicate it's currently in a wedge pattern. This pattern usually breaks on the upside. Wait for a breakout on the upside. | 2003-11-26 | |
| TOP PICK | 51.000 | David Baskin | Drumming rates and oil field services are going up dramatically. Weather conditions in Alberta are very good for drilling now. | 2003-11-26 | |
| BUY | 50.900 | Brendan Kyne | Day rates and drill utilization in drilling are rising. Should do well over the next 4/5 months. Expects a break out soon. | 2003-11-19 | |
| TOP PICK | 51.300 | Robert Lyon | The drilling situation in western Canada has been fantastic and is going to get better. Thinks this winter will be a record for drilling. Trades at 13 X earnings. | 2003-11-10 | |
| BUY | 50.890 | Mark Jackson, CFA | Now is a good time to look at owning this company. It usually does well from the fall into the spring when drilling activity picks up. | 2003-11-04 | |
| BUY | 51.870 | David Cockfield | Stock hasn't done much in the last little while. Expects to see some upside this winter. Expect it to be one of the better years for the drilling companies. | 2003-10-31 | |
| WEAK BUY | 53.000 | Bruce Campbell | Because it is so large, percentage moves are small. Prefers smaller companies. | 2003-10-16 | |
| TOP PICK | 53.040 | John Zechner | (Top pick Aug 6/03. Up 2.8%.) The utilization of rig rates have recently improved again. Well positioned for energy demands. | 2003-10-02 | |
| BUY | 51.950 | Glenn MacNeill, P.Eng. | Going into the winter period, and drilling utilization rates will be going up. It's a good bet that there will be some good prices for drilling | 2003-09-24 | |
| PAST TOP PICK | 51.500 | Ted Macklin | (A top pick May 9/03. Up 1.7%.) Still likes. | 2003-09-23 | |
| TOP PICK | 51.500 | John Zechner | The drillers are extremely undervalued. Well-positioned for the next couple of years. The supply and demand for oil is still relatively tight. | 2003-09-23 | |
| BUY | 51.700 | David Cockfield | The biggest driller in Canada. Good management. Making lots of money. | 2003-09-19 | |
| BUY | 54.300 | Peter Linder | Doesn’t deal with service companies, but there should be a very active drilling season. | 2003-09-05 | |
| PAST TOP PICK | 54.750 | David Baskin | (Was a top pick , July 8, 2003.Up 11%.)Still buying the stock for new clients. | 2003-08-19 | |
| TOP PICK | 51.960 | John Zechner | Canadian drillers have a big discount to the US in valuations.Drilling is picking up. | 2003-08-07 | |
| WAIT | 50.310 | John Sinkins, CFA | Best time o buy is when oil/gas prices are low and drilling is down. | 2003-07-28 | |
| TOP PICK | 49.650 | David Baskin | Will be working full out drilling gas wells. Well run company. Very cheap. | 2003-07-08 | |
| BUY on WEAKNESS | 49.750 | Kyle McKay | Looking to get into it over the summer when prices drop. Should do extremely well going into the winter season. | 2003-07-03 | |
| TOP PICK | 51.600 | David Baskin | Drilling is going full bore right now, especially for natural gas. | 2003-06-16 | |
| BUY | 54.410 | Michael Sprung | It should be good for over the next 2 years. | 2003-06-12 | |
| TOP PICK | 53.240 | Ted Macklin | Strong management and good balance sheet. Gas shortage will create a lot of drilling activity. They are a leader in their sector. | 2003-06-04 | |
| BUY on WEAKNESS | 52.490 | Richard Stone | Has a really strong, international platform. Gas shortage should keep them busy. Buy under $50. | 2003-06-03 | |
| TOP PICK | 50.550 | Ted Macklin | Expects to see an upturn in drilling activity. Good price. | 2003-05-09 | |
| TOP PICK | 49.240 | Mike Weir | Expanding internatiionally. Developing new tools and technology. Good price. | 2003-05-05 | |
| BUY | 49.900 | Peter Brieger | Talking about a need for 20,000/22,000 new wells to be drilled just to stay even with the demand. | 2003-05-02 | |
| BUY on WEAKNESS | 50.040 | Glenn Paradis, BA, CFA | Great company. Very cyclical. Drilling is going to be increasingly needed. Treat as a trading stock. Buy at $40. | 2003-05-01 | |
| BUY | 48.930 | John Zechner | Likes the drilling stocks. Cheap com;pared to its US counterparts. | 2003-04-28 | |
| BUY on WEAKNESS | 46.080 | Kyle McKay | It is now out of the drilling season, so price is down. Now, and over the next few months is the time to buy before the next drilling season starts. | 2003-04-16 | |
| DON'T BUY | 48.500 | Michael Smedley | Will drift coming in to the spring. There won't be any great excitement. | 2003-04-11 | |
| BUY on WEAKNESS | 47.350 | Peter Arender, CFA | Could drop. Would like it in the low $40's. A little ahead of itself. | 2003-04-09 | |
Experts that have talked about Precision Drilling
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