A system and method for positioning a tool within a wellbore, wherein the interior surface of a positioning apparatus includes one or more pluralities of grooves, each defining a selected profile. A tool is lowered into the positioning apparatus, having a blade in communication therewith. The blade includes a plurality of protruding members, which define a profile complementary to at least one of the selected profiles formed by one of the pluralities of positioning apparatus grooves. A biasing member in communication with the blade can continually bias the blade toward the interior surface of the positioning apparatus to cause the profile of the blade to engage within the corresponding complementary profile of the positioning apparatus. Positioning a tool in this manner is advantageous for locating cutting tools at a precise location to sever a joint, perforate casing or stack multiple tool operations at a fixed, targeted point within a wellbore.