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Precision Drilling Corporation Message Board

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  • dreedva dreedva Nov 3, 2006 11:24 AM Flag

    I may be a glutton for punishment

    I also may be a glutton for punishment, but, even with the uncertainty, I too added more PDS at these low prices. (Could go lower, but it's not going to zero--or it's unlikely.) Since it's a long term investment, I'm making the leap of faith that the company will remain profitable in the energy services business for quite a while. And, may even fare better converting back to a standard corporate structure.

    PDS is not an ENRON. Its PPS took a hit due to govt actions, not corporate malfeasance. Its profitability is tied to one of Canada's most important economic sectors. With or without favorable tax considerations, PDS should remain a profitable company in the coming years.

    In investing price swings are a fact of life. Sometimes ugly. Sometimes hard to step up to the plate and buy when there are so many clouds.

5.09-0.16(-3.05%)Jul 31 4:05 PMEDT