In this episode of QAV America, Cameron gives a pulled pork on Precision Drilling Corp. (PDS) — a Canadian oil services company building high-tech, remotely operated, even walking oil rigs. Think Tesla, but for shale fields. They cover the company’s innovative rig tech, impressive cash generation, and resilience through past oil busts, while also addressing its debt risks and why the market might still be gun-shy. Plus: updates on the QAV dummy portfolio (up 33% YoY), a breakdown of top performers like Willis Lease Finance (WLFC) and Foreign Trade Bank of Latin America (BLX), and a Tesla sticker that sums up the state of modern car ownership.—

### **🕒 Timestamps & Key Topics**

– **[00:00:00 ]** – U.S. bombs Iran again; NYT suddenly finds common ground with Trump

– **[00:02:30 ]** – Portfolio update: US dummy portfolio up 6.89% in 30 days, YoY up 33.3%

– **[00:05:00 ]** – Intro to **PDS (Precision Drilling Corp)** pulled pork

– **[00:33:00 ]** – Final checklist score: QAV score of **0.29**

– **[00:39:00 ]** – Landman (TV show) shoutout and sci-fi-worthy oil rig tech

Cameron: [00:00:00 ] Welcome back to QAV America, Tony. I think this is episode 11. It’s been a big week. Tony, since we last talked, people. Yeah. Bombing America’s Back doing what it loves best bombing. Other countries love a good bombing. Uh, it’s funny, you know, I read the New York Times every day, as you know, and you know, most of their articles, uh, are negative towards Trump and the Trump administration.

As soon as he starts bombing somewhere. It’s been interesting to see how the New York Times started to rally around the, [00:01:00 ] you know, say what you want about Trump, but, uh, he’s doing the right thing here. This is, yeah. He got a bomb. Iran. This is good. This is good. Trump Trump’s finally doing something. We agree with bombing, bombing another country.

Anyway, it’s obviously been an interesting time for the

Yes.

Tony Kynaston: It, its effect on the, on the oil market. sure it’s had an effect on the stock market yet Too much.

Cameron: No, uh, it’s the stock market. Well, it did, it dipped. Uh, when people thought, whoa, I don’t know, maybe oil is gonna, maybe they’re gonna. Block the Straits of Hormuz, but, uh, nah. Then it sort of rebounded. After that, everything dipped for a day and then they got over it. They decided it was, uh, TACO bombing and, uh, they, they, they, they recovered.

Tony Kynaston: Uh,

Cameron: the latest news.

Tony Kynaston: Trump declared a truce, a cease one

Cameron: Trump. Trump said that there was a truce and then Iran and [00:02:00 ] Israel came out and said, what? Uh, what? We’re not aware of that, but um, I. Yeah, market got on the front foot, and I thought I would start this with just reviewing our portfolio. So in the last 30 days, our US portfolio is up 6.89% versus the s and p 500, up 3.83%.

So been a good month for us vis-a-vis that. Year to date though, our portfolio is still down 17.4% versus the s and p 500, up 2.4%. Um, but over the last 12 months, we’re up 33.3% versus the s and p up. 10.2%. So we’re still doing three [00:03:00 ] times the market over the last 12 months, which I’m not gonna complain about.

It’s pretty good. The big winners in our portfolio. Well, let’s do, I don’t think Wikipedia. Yeah, it doesn’t change when I change the timeframe. Let me big gains, uh, Willis Lease Finance is still our biggest, it’s, uh, up 199% since we bought it. What’s next? BLX Foreign Trade. Bank of Latin America is up 68% in Nova, internationally and VA is up 67%.

Euro Cs up 65 gas GASS, which is stealth gas up 33. Optimum Bank Holdings, OPHC is up 32%. Kt your initials backwards up 28% regional management. Up 20 Sarcos Energy navigation, another shipping company up 16, uh, [00:04:00 ] EOS Greek, another Greek shipping company up 6.84 UBS up about 1% since we added them. And The Big Loser is the one that I did the Paul Pork on a few weeks ago.

NL Chile, the company that builds mobile phone towers everywhere from memory. Uh, they’re down 10% since we bought them, so haven’t looked into that. Not sure what’s going on there, but, uh, all in all portfolio is doing pretty, pretty good in a very frothy market. And we don’t own any of the MAGA seven still.

Tony Kynaston: no all value stocks. Um, and, you know, just to prove that they can grow as as the mag seven or the growth stocks.

Cameron: Not the sure as they’re doing as well as the MAGA seven stocks, but they’re doing okay. I saw a Tesla, I was out, uh, going out to dinner last night in Brisbane, and I [00:05:00 ] saw a Tesla parked in front of me that had a sticker on the back that said, I bought this before I knew Elon was crazy. So, uh.

Please don’t key my car, I guess is the, uh, thing I said to Chrissy just the day before that we saw a Tesla, I was like, I wonder how many Teslas get keyed these days. I wonder how many people walk around keying Teslas not the Tesla owner’s fault. Any who? Um, I have a pulled pork to do on a company called PDS or Precision Drilling.

Ticker. PDS today, Tony Canadian Company. Do you have anything about the American market you want to talk about before I get into that?

Tony Kynaston: No, I mean, we just touched on the fact that the oil prices is swinging. Uh, it’s quite volatile. It, it’s, uh, was a buy last week. It’s, it’s back below its buy price now. Um, it did drop after ceasefire was announced today, and people weren’t as worried about the straits of  Hormuz being closed. And so [00:06:00 ] that’s kind of the pre oil price again, but who knows where it’s gonna go to from here. So,

Cameron: Yeah.

Tony Kynaston: a lot of our all stocks have come off. Today. Today they were bolstered by the rise oil last week. Um, so we’ll see what happens. Do we have any, I don’t think we have any oil stocks in the US dummy portfolio, do we?

Cameron: No, we’ve got a lot of, got a lot of shipping companies that are shipping oil, but uh, not oil companies per se. And the one I’m gonna talk about today, precision Drilling is a Canadian company that makes oil rigs. I. There are specialists in making and running oil rigs that they contract out. And it was really interesting, as I say, every week, ’cause I know nothing about any of these businesses.

And uh, it was just really interesting to learn about what’s going on with state of the, a, state of the art, uh, oil rigs, uh, lean, mean, technologically advanced, [00:07:00 ] uh, oil rigs, which is what these guys do. But, um, couple of caveats before I do it. So I haven’t run a, a new checklist since the one I did at the beginning of June.

Their share price when I ran this analysis was about $47 78. Today it’s $48 oh three, so it’s up a little bit, but I reran the scores. It didn’t change the scores. The other caveat though, is like the Japanese one I did last week, ORX. In Wikipedia, the reporting for this isn’t in USD, it’s in Canadian dollars, but the prices is in USD, so a lot of, not a lot, but a few of the scores that we have in our checklist.

I assume that they’re all in the same currency. They’re not. So I had to go in and, uh, fix a couple of the scores. Didn’t change it dramatically. Um, but I’ll get into that later on when I do the scoring. [00:08:00 ] But just again, for any listeners out there who are using the spreadsheet that I built for Stockopedia for stocks on the New York Stock Exchange, just be aware of the currency difference and check it.

If you’re looking at buying something, just check it. Check the currency that it’s reporting in, in Stockopedia, and, um, adjust your numbers. Uh, so far, as I said, it hasn’t made a great deal of difference, but it, you know, you don’t wanna get caught out for reference. One Canadian, a dollar at the moment is worth 72.9, uh, US cents.

Tony Kynaston: So

it’ll

Cameron: So.

Tony Kynaston: becomes a 51st state of the us.

We’ll

Cameron: Yeah.

Yeah.

I’m, I’m pushing for that, um, for that, for just to make my life easier. Yeah, yeah, yeah. Get it, get it done. Trump, don’t tar it. Um, so a little bit about precision drilling. [00:09:00 ] They build own and crew land rigs that punch holes in the ground for oil and gas producers. Then they rent. Out the rigs, camps, tool packages and keep the wells flowing.

So they’re like, uh, the landlord and handyman rolled into one for shale and oil sands operators. There’s, you know, we will bring in the rig, maintain the rig, and uh, get the whole thing up a