Gene Stahl - Precision Drilling President of Drilling Operations

PD Stock  CAD 92.36  1.29  1.42%   

President

Mr. Gene C. Stahl is Chief Marketing Officer of Precision Drilling Corporationrationration. President, Drilling Operations since 2008, Assumed responsibilities for Precisions global drilling operations in January 2017. since 2019.
Age 50
Tenure 5 years
Address 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1
Phone403 716 4500
Webhttps://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 22nd of November 2024, Return On Tangible Assets is likely to grow to 0.09, while Return On Capital Employed is likely to drop 0.11. At this time, Precision Drilling's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Non Currrent Assets Other is likely to grow to about 11.2 M, while Non Current Assets Total are likely to drop about 2.8 B.
Precision Drilling has accumulated 992.19 M in total debt with debt to equity ratio (D/E) of 102.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Precision Drilling has a current ratio of 1.79, which is within standard range for the sector. Debt can assist Precision Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, Precision Drilling's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Precision Drilling sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Precision to invest in growth at high rates of return. When we think about Precision Drilling's use of debt, we should always consider it together with cash and equity.

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Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada. PRECISION DRILLING operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 5471 people. Precision Drilling (PD) is traded on Toronto Exchange in Canada and employs 5,000 people. Precision Drilling is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

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.

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

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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.
Pair CorrelationCorrelation Matching
When determining whether Precision Drilling is a strong investment it is important to analyze Precision Drilling's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports:
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 CEOs Directory module to screen CEOs from public companies around the world.
Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.