Precision Drilling Corporation (PDS): A Bull Case Theory

We came across a bullish thesis on Precision Drilling Corporation (PDS) on Substack by Nugget Capital Partners. In this article, we will summarize the bulls’ thesis on PDS. Precision Drilling Corporation (PDS)'s share was trading at $42.09 as of April 15^th. PDS’s trailing and forward P/E were 7.48 and 9.04 respectively according to Yahoo Finance.

[caption id="attachment_1205356" align="aligncenter" width="768"] A drilling rig fueled by the energy and expertise of the oil & gas exploration and production company.[/caption]

Precision Drilling is Canada’s largest land driller,...