Niels Espeland - Precision Drilling President of International
| PD Stock | CAD 87.76 0.15 0.17% |
President
Mr. Niels Espeland is President International Operations of Precision Drilling Corporationrationration. From 2007 to 2011 Mr. Espeland was Group Vice President Drilling for Weatherford International and from 2001 to 2007 was Managing Director Middle East and Africa for KCA Deutag. since 2011.
| Tenure | 13 years |
| Address | 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1 |
| Phone | 403 716 4500 |
| Web | https://www.precisiondrilling.com |
Precision Drilling Management Efficiency
The company has return on total asset (ROA) of 0.054 % which means that it generated a profit of $0.054 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1597 %, meaning that it generated $0.1597 on every $100 dollars invested by stockholders. Precision Drilling's management efficiency ratios could be used to measure how well Precision Drilling manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of November 2024, Return On Capital Employed is likely to grow to 0.24, while Return On Tangible Assets are likely to drop 0.09. At this time, Precision Drilling's Total Assets are very stable compared to the past year. As of the 29th of November 2024, Non Currrent Assets Other is likely to grow to about 318.1 M, while Non Current Assets Total are likely to drop about 2.8 B.Management Performance
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.054 |
Precision Drilling Leadership Team
Elected by the shareholders, the Precision Drilling's board of directors comprises two types of representatives: Precision Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Precision. The board's role is to monitor Precision Drilling's management team and ensure that shareholders' interests are well served. Precision Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Precision Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Darren Ruhr, Senior Vice President - Corporate Services | ||
| BSc BSc, CEO Pres | ||
| Ross Pickering, Senior Vice President Global Operations Excellence | ||
| Lavonne Zdunich, Director Relations | ||
| Dustin Honing, Manager Development | ||
| Grant Hunter, Senior Vice President - U.S. Operations | ||
| Gene Stahl, President of Drilling Operations | ||
| Veronica Foley, Vice President - Legal, Corporate Secretary | ||
| John Goertzen, Ex Officer | ||
| Niels Espeland, President of International | ||
| Shuja Goraya, Chief Officer | ||
| Carey CFA, Chief Officer | ||
| Roland Marks, VP Operations |
Precision Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Precision Drilling a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.054 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 2.07 B | ||||
| Shares Outstanding | 14.07 M | ||||
| Shares Owned By Insiders | 2.10 % | ||||
| Shares Owned By Institutions | 57.16 % | ||||
| Number Of Shares Shorted | 457.8 K | ||||
| Price To Earning | (7.36) X |
Pair Trading with Precision Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against Precision Stock
| 0.56 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.51 | GPV | GreenPower Motor | PairCorr |
| 0.5 | VGZ | Vista Gold | PairCorr |
| 0.41 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision Drilling to buy it.
The correlation of Precision Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.