PDS Is Still On A Soft Ground
Precision Drilling Corporation (PDS) provides oil and natural gas drilling and related services and products. I think the company’s increased free cash flow and lower debt level would help improve investors’ sentiment. Investors need to be patient before the stock price starts nudging up. The stock is relatively undervalued. I think it can produce positive returns over the medium-to-long term.
Precision Drilling has managed to keep its U.S. onshore drilling rig fleet steady and commercialize the automation technology. I expect the mix of higher-margin advanced rigs