Precision Drilling (PDS)

• Market cap: $823M
• 1 day: 0.86%
• 5 days: 0.02%
• 1 month: -9.49%
• 3 months: -11.05%
• 6 months: -16.71%
• Year to date: 11.58%
• 1 year: 5.90%
• 5 years: 98.88%
• 10 years: -52.85%

About: Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.

Employees: 5,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

12% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 34

0% more funds holding

Funds holding: 112 [Q2] → 112 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 18

4.41% less ownership

Funds ownership: 53.11% [Q2] → 48.7% (-4.41%) [Q3]

28% less capital invested

Capital invested by funds: $607M [Q2] → $436M (-$171M) [Q3]

64% less call options, than puts

Call options by funds: $2.79M | Put options by funds: $7.83M