Group 1 - The article expresses a beneficial long position in the shares of PTEN and NBR, indicating a positive outlook on these companies [1] - The author emphasizes that the content is based on personal opinions and does not constitute investment advice, highlighting the importance of individual due diligence [2] - It is noted that past performance is not indicative of future results, and the views expressed may not reflect those of the platform as a whole [3]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Precision Drilling (PDS) - Precision Drilling currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][4] - The stock has shown a price increase of 0.21% over the past week, while the Zacks Oil and Gas - Drilling industry has increased by 6.42% during the same period [6] - Over the last month, PDS shares have risen by 18.02%, compared to the industry's performance of 27.34% [6] - In the last three months, PDS shares have increased by 53.25%, and over the past year, they have risen by 59.92%, significantly outperforming the S&P 500, which has moved 1.74% and 13.08% respectively [7] Trading Volume - The average 20-day trading volume for PDS is 113,017 shares, which serves as a useful indicator for assessing price movements [8] Earnings Outlook - In the past two months, one earnings estimate for PDS has increased, while none have decreased, raising the consensus estimate from $5.97 to $6.12 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, Precision Drilling is positioned as a strong buy candidate for investors seeking short-term opportunities [12]

Core Viewpoint - Precision Drilling is a significant player in the oil and gas drilling industry, recently receiving an "Outperform" rating from BMO Capital with an increased price target [1][6] Financial Performance - The company reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, and showing a substantial increase from $0.76 per share in the same quarter last year, indicating a +23.42% earnings surprise [2][6] - In the previous quarter, Precision Drilling faced challenges, reporting a loss of $0.37 per share against an expected $1.20, resulting in a -130.83% surprise; however, it has exceeded consensus EPS estimates twice in the last four quarters, demonstrating resilience [3][6] Revenue Insights - Precision Drilling reported revenue of $343.25 million for the quarter ending December 2025, which was 1.02% below the Zacks Consensus Estimate but a slight increase from $334.62 million reported a year ago; the company has surpassed consensus revenue estimates twice in the last four quarters [4][6] Stock Performance - The current stock price of Precision Drilling is $81.72, reflecting a decrease of 9.14% with a change of $8.22; the stock has fluctuated between a low of $81.61 and a high of $91.99 today, with a market capitalization of approximately $1.08 billion [5]

Financial Data and Key Metrics Changes - The company recorded adjusted EBITDA of $126 million for Q4 2025, compared to $121 million in Q4 2024, reflecting a year-over-year increase [4] - A net loss of $42 million was reported, which included non-cash charges of $67 million for decommissioning drilling rigs and $17 million for drill pipe, while net income would have been positive $42 million without these charges [5] - The net debt to adjusted EBITDA ratio ended the year at 1.2 times, with a reduction in debt by CAD 101 million [2][13] Business Line Data and Key Metrics Changes - In Canada, drilling activity averaged 66 active rigs, an increase of 1 rig from Q4 2024, with daily operating margins reported at CAD 14,132, down from CAD 14,559 in Q4 2024 [5] - In the U.S., the average active rig count was 37, an increase of three rigs from the prior year, with daily operating margins of $8,754, slightly up from $8,700 in Q3 [7] - The CMP segment reported adjusted EBITDA of CAD 17 million, compared to CAD 16 million in Q4 2024, driven by increased well servicing demand in Canada [8] Market Data and Key Metrics Changes - Internationally, the company averaged seven active rigs, down from eight in the prior year, with international day rates averaging $53,505, an 8% increase from Q4 2024 [7][8] - The Canadian market outlook remains solid with supportive commodity prices and resilient demand for Super Series rigs, while the U.S. market outlook is generally flat with pockets of opportunity for performance differentiation [20] Company Strategy and Development Direction - The company aims to drive revenue growth and deepen customer relationships, focusing on performance and efficiency across various North American basins [16][18] - The strategy includes leveraging technology and digital platforms to optimize drilling and enhance customer communication, with a focus on capital-light initiatives [19] - The company plans to continue its long-term deleveraging journey while increasing free cash flow allocated to shareholders up to 50% [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Canadian market's medium to long-term outlook, citing strong takeaway capacity and deep resource inventories [20][54] - In the U.S., while the industry outlook is flat, the company expects to capture modest growth driven by performance differentiation and customer efficiency [20] - The company is exploring international growth opportunities, including a memorandum of understanding (MOU) in Argentina to provide idle rigs and digital technology [22][45] Other Important Information - Capital expenditures for 2025 were CAD 263 million, with CAD 156 million for sustaining and infrastructure and CAD 107 million for upgrades [9] - The company expects to incur $2 million in one-time charges related to rig reactivations in Q1 2026 [10] Q&A Session Summary Question: Context around the rig demobilization in Kuwait - The company has six rigs in Kuwait, with four active and two idle, looking for opportunities to deploy the idle rigs [26][27] Question: Potential upside in the U.S. market - Management indicated that growth opportunities are being driven by performance and efficiency discussions with customers across various basins [34] Question: Guidance on U.S. margin for Q1 - The expected margin range is $8,000-$9,000 per day, with mixed pricing trends across operating segments [40][41] Question: Details on the MOU in Argentina - The MOU aims to explore opportunities in Argentina with an established partner, focusing on performance and technology while reducing market risks [45] Question: Impact of customer changes on Canadian demand - Management noted no broad change in demand despite individual customer adjustments, maintaining a peak activity of 87 rigs in the winter drilling season [54]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 was $126 million, compared to $121 million in the prior year, while EBITDA before share-based compensation was $132 million versus $136 million in the previous year [5] - The company reported a net loss of $42 million for Q4, which included a non-cash charge of $67 million for decommissioning drilling rigs and another $17 million for drill pipe [6] - The net debt to adjusted EBITDA ratio at year-end was 1.2x, with a reduction in debt by CAD 101 million [3][14] Business Line Data and Key Metrics Changes - In Canada, average drilling activity was 66 active rigs, an increase from the previous year, with daily operating margins of CAD 14,132, down from CAD 14,559 [6][8] - In the U.S., the average active rig count was 37, with daily operating margins of $8,754, slightly up from $8,700 in the previous quarter [8] - Internationally, the average active rig count was seven, down from eight, with day rates averaging $53,505, an 8% increase from the prior year [9] Market Data and Key Metrics Changes - The Canadian market outlook is solid, supported by commodity prices and increased takeaway capacity, while the U.S. market is expected to remain flat with pockets of growth [21] - The company is actively pursuing opportunities in the Middle East, with plans to reactivate idle rigs and explore capital-efficient growth [22][23] Company Strategy and Development Direction - The company aims to drive revenue growth and deepen customer relationships, focusing on performance and efficiency across diverse North American basins [16][17] - Precision is positioned to capture demand through its fleet and technology, with a focus on capital-light initiatives and modular rig designs [20] - The company plans to continue its long-term deleveraging journey while increasing free cash flow allocated to shareholders [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Canadian market's resilience despite individual customer changes, noting strong demand for Super Series rigs [56] - The U.S. market is expected to see modest growth driven by performance differentiation, with ongoing discussions with customers in key basins [21][35] - The company is exploring international growth opportunities, particularly in Argentina, with a focus on performance and technology [23][47] Other Important Information - Capital expenditures for 2025 were CAD 263 million, with plans for CAD 245 million in 2026, focusing on sustaining and infrastructure [10][12] - The company expects to incur $2 million in one-time charges related to rig reactivations in Q1 [12] Q&A Session Summary Question: Context around Kuwait and rig demobilization - The company has six rigs in Kuwait, with four active and two idle, looking for opportunities to reactivate them [27][28] Question: Potential upside in U.S. rig count - Discussions are ongoing with customers in multiple basins, indicating modest growth opportunities driven by performance and efficiency [34][35] Question: U.S. margin guidance for Q1 - The guidance for U.S. margins is $8,000-$9,000 per day, with mixed pricing trends across operating segments [41][42] Question: MOU in Argentina - The MOU aims to explore opportunities in Argentina with an established partner, focusing on performance and technology [46][47] Question: Impact of customer changes on Canadian demand - The company has not seen a broad change in demand despite individual customer adjustments, maintaining a strong operational presence [56] Question: Rig upgrades and capital allocation - The capital plan is demand-driven, with a portion of upgrade capital already committed, focusing on opportunities in Canada and the U.S. [66][68]

Financial Data and Key Metrics Changes - Precision Drilling reported adjusted EBITDA of $126 million for Q4 2025, compared to $121 million in Q4 2024, reflecting a year-over-year increase [4] - The company recorded a net loss of $42 million in Q4 2025, which included non-cash charges of $67 million for decommissioning drilling rigs and $17 million for drill pipe, while net income would have been positive $42 million without these charges [5] - The net debt to adjusted EBITDA ratio improved to 1.2 times, with a reduction in debt by CAD 101 million during the year [2][13] Business Line Data and Key Metrics Changes - In Canada, drilling activity averaged 66 active rigs, an increase of 1 rig from Q4 2024, with daily operating margins reported at CAD 14,132, down from CAD 14,559 in Q4 2024 [5] - In the U.S., the average active rig count was 37, an increase of three rigs from the prior year, with daily operating margins of $8,754, slightly up from $8,700 in Q3 2025 [6] - The CMP segment reported adjusted EBITDA of CAD 17 million, up from CAD 16 million in the prior year, driven by increased well servicing demand in Canada [8] Market Data and Key Metrics Changes - Internationally, Precision averaged seven active rigs, down from eight in the prior year, with international day rates averaging $53,505, an 8% increase from the previous year [6][7] - The Canadian market outlook remains solid, supported by commodity prices and increased LNG and crude takeaway capacity, while the U.S. market is expected to remain flat with pockets of growth [20] Company Strategy and Development Direction - The company aims to drive revenue growth and deepen customer relationships, focusing on performance and efficiency to differentiate itself in the market [15][19] - Precision is investing in rig upgrades and digital technologies to enhance operational performance and customer service [18] - The company is exploring international growth opportunities, including a memorandum of understanding (MOU) in Argentina to provide idle rigs and digital technology [21][43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Canadian market's medium to long-term outlook, despite short-term volatility due to weather and commodity prices [20] - The U.S. market is expected to remain flat, but there are opportunities for modest growth driven by performance differentiation [20] - The company plans to continue its focus on financial discipline and shareholder returns, with a target to increase free cash flow allocated to shareholders up to 50% [12][60] Other Important Information - Capital expenditures for 2025 were CAD 263 million, with CAD 156 million for sustaining and infrastructure and CAD 107 million for upgrades [9] - The company expects to incur $2 million in one-time charges related to rig reactivations in Q1 2026 [10] Q&A Session Summary Question: Context around the rig demobilization in Kuwait - Precision has six rigs in Kuwait, with four active and two idle, looking for opportunities to reactivate the idle rigs [25][26] Question: Potential upside in the U.S. rig count - Management indicated that growth opportunities in the U.S. are driven by performance and efficiency, with active discussions in multiple basins [31][32] Question: Guidance on U.S. margins for Q1 - The guidance for U.S. margins is $8,000-$9,000 per day, with mixed pricing trends across operating segments [38][39] Question: Details on the MOU in Argentina - The MOU aims to explore opportunities in Argentina with an established partner, focusing on performance and technology [42][43] Question: Impact of customer changes on Canadian demand - Management noted no significant change in demand despite individual customer adjustments, with strong activity levels in the Canadian market [50][51] Question: Rig upgrade capital allocation - A portion of the $63 million earmarked for upgrades is committed, with opportunities identified in Canada and the U.S. [62][64]

PRECISION DRILLING CORPORATION February 2026 - Investor Presentation FORWARD-LOOKING STATEMENT Certain statements contained in this report, including statements that contain words such as "could", "should", "can", "anticipate", "estimate", "intend", "plan", "expect", "believe", "will", "may", "continue", "project", "potential" and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities ...

Financial Highlights and 2026 Capital Allocation Plans Precision Drilling Corporation ("Precision" or the "Company") (TSX:PD; NYSE:PDS) announces 2025 fourth quarter results and capital allocation plans for 2026 to drive shareholder value. EXHIBIT 99.1 Precision Drilling Announces 2025 Fourth Quarter and Year End Unaudited Financial Results CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) -- This news release contains "forward-looking information and statements" within the meaning of applicable securities l ...

分组1 - Precision Drilling reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, and showing a significant increase from $0.76 per share a year ago, resulting in an earnings surprise of +23.42% [1] - The company posted revenues of $343.25 million for the quarter ended December 2025, which was slightly below the Zacks Consensus Estimate by 1.02%, but an increase from $334.62 million year-over-year [2] - Precision Drilling shares have increased approximately 21.3% since the beginning of the year, outperforming the S&P 500's gain of 1.4% [3] 分组2 - The earnings outlook for Precision Drilling is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Precision Drilling was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $1.83 on revenues of $370.44 million, and for the current fiscal year, it is $6.12 on revenues of $1.36 billion [7] 分组3 - The Oil and Gas - Drilling industry, to which Precision Drilling belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Valaris Limited, another company in the same industry, is expected to report a significant decline in earnings for the quarter ended December 2025, with a forecast of $0.40 per share, reflecting a year-over-year change of -78.7% [9]

Group 1: Market Overview - As of December 12, 2025, two stocks in the energy sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Company Analysis - Precision Drilling Corp - Precision Drilling Corp reported better-than-expected quarterly sales on October 22, with a stock price increase of approximately 20% over the past month and a 52-week high of $71.77 [5] - The company's RSI value is 73.5, indicating it may be overbought [5] - Precision Drilling's stock closed at $70.32, reflecting a decrease of 0.9% on Thursday [5] - The company has a momentum score of 79.18 and a value score of 88.02 [5] Group 3: Company Analysis - Kodiak Gas Services Inc - Kodiak Gas Services experienced a stock price increase of around 11% over the past month, reaching a 52-week high of $50.43 [5] - The company's RSI value is 70.8, suggesting it may also be overbought [5] - Kodiak Gas Services' stock closed at $37.93, with a rise of 1.3% on Thursday [5] - On December 11, EQT announced the full exit of its investment in Kodiak Gas Services [5]