As I indicated in the April 27 Weekly Update, I'm not happy with Precision Drilling's results.

Sell Precision Drilling Trust (PDS)Today, PDS cut its dividend. When we went into this position it was our understanding that the dividends would remain stable.

Sell Precision Drilling Trust (PDS)With this announcement it's time to exit PDS.

Sell Precision Drilling Trust (PDS) at market and I'll provide more information later today in the Weekly Update.

Bryan Perry

Editor The 25% Cash Machine