Not just hoping for a winner.  But almost sure of it.  Right now most drilling companies have lots of idle equipment sitting around.  Precision is no exception.  But the scene is rapidly changing.  All over the continent dry-land drilling activity is picking up and day rates are also increasing.

Precision is very cheap right now trading at a little over book value and about 12 times current earnings.  If the stock only were to regain half the amount lost during the recent recession it will have to double to CAD$16.00 from the present price of about CAD$8.00 which I believe will happen in the next 12 to 18 months.  If the price were to equal the price at the previous high of $36.00 (at Sept 2007) it will have to quadruple (or rise 400%), which I think may happen over the next 24 months. If the price were to reach half again as high as the previous high it would be CAD $54.00 which it might do over the next 36 months.

A lot of mays and mights here but it’s all possible.

All the best,

Ted Lagerway