After a quick analysis of PDS (Precision Drilling Trust), I decided not to pursue them further at this time given their Forward PE of 10.94 vs Current PE of 6.4.

Details:
Took a look at PDS (Precision Drilling Trust). As of December 31, 2006, Precision Drilling operated a fleet of 240 drilling rigs and 237 service rigs.

They caught my attention due to their low PE of 6.4 and the 12% price gain from the last time we looked at them.

Analysts estimates for earnings show a consistent downward trend for each of the past few quarters.