Precision Drilling Corp

MANAGEMENT EXECUTION

ANALYSIS

The following company description is from Google Finance: http://www.google.com/finance?q=pds

Precision Drilling Corporation (Precision) is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States. The Company operates in two segments: Contract Drilling Services, and Completion and Production Services. In Canada, the Contract Drilling Services segment includes land drilling services, directional drilling services, procurement and distribution of oilfield supplies and the manufacture and refurbishment of drilling and service rig equipment, and the Completion and Production Services segment includes service rigs for well completion and workover services, snubbing services, camp and catering services, wastewater treatment services and the rental of oilfield surface equipment, tubulars, well control equipment and wellsite accommodations.

Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Precision Drilling Corp (USA).

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For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:

Stock price at the time of the calculation: $9.32

Growth: 0.1

Current EPS (TTM): $0.01

P/E: 20

Future EPS Calc: $0.01

Future Stock Price Calc: $0.32

Target stock price: $0.2

I hope that this makes you a better investor. [/s2If]