Investment Overview
Precision Drilling (PDS), which is one of the leading providers of drilling and services rigs, has seen a 20% stock upside in YTD18. The stock upside has been driven by positive operational and financial developments.
With oil remaining firm well above $60 per barrel and with the land drilling segment witnessing gradual recovery, there is more juice in the rally for Precision Drilling.
This article will discuss the factors for being bullish on the stock with focus on the company’s credit metrics improvement in the coming quarters. In addition, the article