Precision Drilling Corp.
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Precision Drilling reports $26.9M profit in Q2 as firm reduces debtPrecision Drilling reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier.MoneyJul 27, 2023
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Precision Drilling reports $3.5M Q4 profit, revenue up more than 70%Precision Drilling Corp. saw its fourth-quarter revenue increase by 73 per cent year-over-year, as North American oil and gas drilling activity continues to pick up.MoneyFeb 10, 2023
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Precision Drilling Q3 revenue up more than 50% from year ago as drilling ramps upPrecision, which is the nation's largest drilling rig contractor, says on average it had 51 active drilling rigs in Canada in the quarter, up from 18 in the same quarter last year.MoneyOct 21, 2021
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Precision Drilling posts $75.9M loss in 2nd quarter despite better outlookPrecision Drilling Corp. tripled its Canadian rig count in the second quarter, even as its net loss surged to $75.9 million because of compensation charges.MoneyJul 22, 2021
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Precision Drilling second-quarter loss surges as pandemic weakens demand for oilThe drilling company says it lost $48.9 million or 18 cents per share for the three months ended June 30, compared with a $13.8-million, five cents per share loss a year earlier.Jul 23, 2020
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Plunging oil prices point to ‘deep collapse’ in sector, drilling firm CEO warnsThe CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse."Apr 21, 2020
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Oil and gas industry CEOs pen open letter to Ottawa asking for financial helpSeveral CEOs of companies involved in Canada's oil and gas industry made a plea for financial help from the federal government on Monday through a letter published in the Financial Post.EconomyApr 6, 2020
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Precision Drilling moves to cut costs and capital spending plan in response to COVID-19Precision Drilling is reducing staff, cutting salaries and lowering its capital spending plan in response to the COVID-19 pandemic and current market conditions.CanadaMar 24, 2020
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Alberta-based Precision Drilling shares jump on earnings beat, higher activity forecastProgress in getting oil export pipelines approved is boosting optimism in Western Canada's oilpatch, leading to more demand for rigs and hundreds of crew members being called back to work, the CEO of Precision Drilling Corp. said Thursday.MoneyFeb 13, 2020
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Precision Drilling reports $3.5M third quarter lossPrecision Drilling says it lost $3.5 million in its latest quarter compared with a loss of $30.6 million in the same quarter last year.Oct 24, 2019
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