The Successful Investor, in the February, 2016, issue, says buy Precision Drilling Corp., recently $4.28. The Investor and a sister publication, Stock Pickers Digest, have been in and out of three different versions of Precision from February, 2002, to July, 2015. There was also a 2-for-1 stock split in May, 2005. Assuming a $1,000 investment for each of their buys, the stock has yielded profits of $4,705 and the current $16,000 position is worth $6,582. (The position comprises $1,000 invested on Stock Pickers' recommendation, $14,000 on the Investor's and a $1,000 investment made for portfolio purposes in November, 2005.) Precision provides contract drilling services to oil and gas producers. In an effort to cope with the industry downturn, it has been cutting jobs and other costs, and plans to spend just $180-million on rigs and upgrades in 2016, down from the $531-million it likely spent in 2015. The Investor says Precision may have to lower its seven-cent quarterly dividend (which yields 6.5 per cent) if the downturn persists. For now, though, the company is in good financial shape, with $438.9-million in cash and a debt load that, while heavy ($1.9-billion), does not have any due dates until 2019. Buy.