The Globe and Mail reports in its Friday, Dec. 19, edition that ATB Capital analyst Tim Monachello has reiterated his "outperform" recommendation and $120 share target for Precision Drilling. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $119.62. Mr. Monachello says in a note: "Precision Drilling is the only pure play drilling-oriented company in our 2026 top picks. Despite a relatively tenuous outlook for North American conventional oil activity, we believe Precision is well-positioned to outperform given 1) its relatively high exposure to, and top market position within, the tier-1 Canadian liquids rich gas drilling market, and the thermal/heavy oil super-single market, both of which we believe are likely to outperform the average North American oil rig count in a weak crude price environment; 2) its outsized weighting to U.S. gas basins relative to U.S. industry activity; we calculate Precision has grown its market share in U.S. gas basins to roughly 13 per cent in Q3/25 from roughly 5 per cent in Q1/25, providing both relative insulation to potential downside in U.S. oil basin activity and upside to likely increases in U.S. gas basin activity in 2026."