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Precision Drilling Corp (PDS.N)

PDS.N on New York Stock Exchange

3.04USD
21 Jul 2017
Change (% chg)

$-0.12 (-3.80%)
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Latest Key Developments (Source: Significant Developments)

Precision Drilling expects Canadian activity to be at trough levels for the year
Monday, 15 May 2017 08:30am EDT 

May 15 (Reuters) - Precision Drilling Corp :Precision Drilling announces 2017 analyst and investor day highlights and activity update.Precision Drilling Corp - expects current Canadian activity to be at trough levels for year due to Canadian market's annual spring break up.Precision Drilling Corp - in U.S., Precision currently has 55 active rigs and quarter-to-date average active rig count in U.S. is 58 rigs.Precision Drilling Corp - expects to have five additional rigs contracted and activated over next three weeks.Precision Drilling Corp - internationally, activity continues to progress as expected with eight rigs active in quarter.  Full Article

Precision Drilling Corp Q1 loss per share C$0.08
Monday, 24 Apr 2017 06:00am EDT 

April 24 (Reuters) - Precision Drilling Corp :Precision Drilling Corporation announces 2017 first quarter financial results.Q1 loss per share C$0.08.Q1 earnings per share view C$-0.10 -- Thomson Reuters I/B/E/S.Q1 revenue C$346 million versus I/B/E/S view C$341.6 million.Precision Drilling Corp - during quarter, we activated 17 rigs in U.S. Growing from 39 to 56 operating rigs by end of quarter.Full year capital spending expected to be C$119 million.Precision Drilling Corp - In Canada, experienced a seasonal peak of 91 active rigs in quarter.Precision Drilling Corp - "during q1, we experienced some increased costs, primarily due to repositioning rigs".Precision Drilling Corp - average service rig revenue per operating hour in quarter was $636 or $109 lower than Q1 of 2016.Precision Drilling Corp - internationally, have eight active rigs in Middle East and no contract rollovers in 2017.Precision Drilling Corp - "following OPEC's actions to limit production to stabilize oil prices, we have experienced increased demand for our rigs".Precision Drilling Corp - "should commodity prices continue to improve, we expect sequential improvements in pricing in U.S. and deep basin in Canada".Precision Drilling Corp - during Q1, had increased costs, primarily due to repositioning rigs which included moving 6 U.S. rigs from Marcellus and Bakken regions.Precision Drilling Corp - expect pricing improvements in "shallower parts of Canadian market".  Full Article

Precision Drilling Corp announces retirement Robert Phillips as board chair
Friday, 7 Apr 2017 07:00am EDT 

Precision Drilling Corp : Precision Drilling Corporation announces retirement of board chair and appointment of incoming chair . Precision Drilling - Robert Phillips, chairman of board of directors will not be standing for re-election and will retire from precision's board .Steven Krablin, a current member of board will succeed Phillips as chairman.  Full Article

Precision Drilling reports proposed private offering of $350 million senior notes
Monday, 31 Oct 2016 09:02am EDT 

Precision Drilling Corp : Precision Drilling Corp - to offer US$350 million aggregate principal amount of senior notes due 2023 .Precision - plans to use net proceeds from to redeem its C$200 million of outstanding senior notes due 2019 and for other debt repurchases.  Full Article

Precision Drilling files for mixed shelf offering of $1 bln
Thursday, 28 Jul 2016 05:26pm EDT 

Precision Drilling Corp :Precision Drilling files for mixed shelf offering of $1 billion - SEC filing.  Full Article

Precision Drilling reports second-quarter results
Thursday, 21 Jul 2016 06:00am EDT 

Precision Drilling Corp : Precision Drilling Corporation announces 2016 second quarter financial results . Q2 loss per share c$0.20 .Q2 earnings per share view c$-0.24 -- Thomson Reuters I/B/E/S.  Full Article

Franklin Resources reports 19.1 pct passive stake in Precision Drilling - SEC filing
Thursday, 9 Jun 2016 12:37pm EDT 

Franklin Resources Inc reports 19.1 pct passive stake in precision Drilling Corp as of March 31:.  Full Article

Precision Drilling Corp announces management change
Friday, 11 Mar 2016 06:00am EST 

Precision Drilling Corp:Announces management change.Says CFO Robert Mcnally Resigned.Says appointed carey Ford, its senior vice president, Operations Finance, as interim chief financial officer.Precision drilling -co has initiated a search for a full time successor as CFO, which will include a review of both internal and external candidates.  Full Article

Precision Drilling Corp Says is suspending dividend
Thursday, 11 Feb 2016 06:00am EST 

Precision Drilling Corp:Says effective immediately, Precision is suspending quarterly dividend.  Full Article

Precision Drilling Corporation announces 2015 fourth quarter dividend
Thursday, 22 Oct 2015 06:00am EDT 

Precision Drilling Corporation:Declared a dividend on its common shares of $0.07 per common share.Payable on November 18 to shareholders of record date as on November 6.  Full Article

BRIEF-Wave Life Sciences initiates two Phase 1b/2a clinical trials PRECISION-HD1 and PRECISION-HD2 in patients with Huntington’S Disease

* Wave Life Sciences Ltd - ‍trials evaluate first allele-specific investigational drugs for Huntington's Disease, WVE-120101 and WVE-120102​ Source text for Eikon: Further company coverage: