Rising oil prices set to lift these two

In 2017, OPEC plans to cut oil production by about 4.5%. That should help reduce the supply of oil and stabilize prices. It should also spur earnings for companies, such as ShawCor and Precision Drilling, that supply goods and services to oil producers.
SHAWCOR LTD. $34… Read More

Precision Drilling ups capital spending

PRECISION DRILLING CORP. $5.99 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 293.2 million; Market cap: $1.8 billion; Price-to-sales ratio: 1.7; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contract-drilling services to land-based oil and gas producers, mainly in North… Read More

PRECISION DRILLING CORP. $7.37

PRECISION DRILLING CORP. $7.37 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 292.9 million; Market cap: $2.2 billion; Price-to-sales ratio: 1.6; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contractdrilling services to land-based oil and gas producers, mainly in North… Read More

Long-term contracts protect Precision

PRECISION DRILLING CORP. $7.37 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 292.9 million; Market cap: $2.2 billion; Price-to-sales ratio: 1.6; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contractdrilling services to land-based oil and gas producers, mainly in North… Read More