exv5w3

Exhibit 5.3

TD Securities Inc
Home Oil Tower
324 - 8^th Avenue S.W. Suite 800
Calgary, Alberta T2P 2Z2

CONSENT OF TD SECURITIES INC.

Reference is made to the Registration Statement on Form F-10 and the amendments thereto (the “Form F-10”) of Precision Drilling Corporation (the “Corporation”) to be filed with the United States Securities and Exchange Commission (the “SEC”) on June 17, 2010 under the United States Securities Exchange Act of 1933, as amended (the “Securities Act”).

We hereby consent to the references to us in the management information circular (the “Circular”) of Precision Drilling Trust dated April 7, 2010, furnished to the SEC on April 15, 2010 on Form 6-K, which Circular is incorporated by reference in the Form F-10, and to the incorporation by reference in the Form F-10 of our fairness opinion dated February 11, 2010, which opinion appears as Appendix E in the Circular.

In giving such consent we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.




	TD SECURITIES INC.

June 17, 2010
Calgary, Alberta

Member of TD Bank Financial Group