I’m buying Precision Drilling (PD.UN-T). The company is doing well, a strong player in the oil patch around North America. Best activity is currently in northern BC. Things appear to be picking up with higher oil prices. Natural Gas is so cheap now it must be bottoming out as most producers are losing money at these prices. P/E ratio is only 3.1:1 which is also a major plus.
Good luck,
Ted Lagerway
September 8, 09