Precision Drilling up 46% since December is having an amazing year. The first quarter is behind us and the dream continues. Precision Drilling Services TR (NYSE: PDS), continues to rise while it is drilling down, increasing from $15.47.
This 60% jump is on top of the 10% dividend yield, which by itself is quite satisfactory.The stock is nearing its 52-week high of $27.89, but it still only has a P/E of 9 (TTM) and might be worth buying on dips. Precision is continuing to expand in the United States and there remains the possibility of being taken over by a larger enterprise given its current $3.1 billion market value, which is small for companies in the oil and gas sector.
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