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Precision Drilling Corporation (PDS) [hlAlert]

Rating:
Sector Outperform
PDS
up 23.88 %

Precision Drilling Corporation (PDS) rated Sector Outperform by CIBC Wrld Mkts

Posted on: Tuesday,  Apr 21, 2009  8:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Outperform Precision Drilling Corporation (NYSE: PDS) on 04/21/2009, when the stock price was $3.60.
Since then, Precision Drilling Corporation has gained 23.89% as of 10/09/2015's recent price of $4.46.
If you would have followed this CIBC Wrld Mkts's recommendation on PDS, you would have gained 23.88% of your investment in 2362 days.

Precision Drilling Trust (the Trust or Precision) is engaged in land drilling in North America with drilling rigs operating in gas basin. The Company operates in two business segments: contract drilling services and completion and production services. Precision operated 374 land rigs, 229 service rigs and 100 camps along with catering, rental, snubbing and wastewater services. During the year ended December 31, 2008, Precision?s fleet consisted of 374 rigs with 220 in Canada, 151 in the United States, two in Mexico and one in Chile. On December 23, 2008, the Company acquired Grey Wolf, Inc. (Grey Wolf). Its subsidiaries include Grey Wolf Inc., Kenting Energy Services Inc., LRG Oilfield Services Ltd. McKenzie Caterers (1984) Ltd., Rostel Industries Ltd. and Columbia Oilfield Supply Ltd.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/21/2009 8:25 AM Buy
None
3.60
as of 12/31/2009
1 Week up  40.54 %
1 Month up  56.75 %
3 Months up  55.80 %
1 YTD up  186.94 %

(*) Stock Price at the time of the recommendation.
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