Precision Drilling reports $3.5M third quarter loss
Precision 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. Continue reading
Precision Drilling
Precision Drilling among 7 Calgary-based companies dropped from S&P/TSX composite index
By Carolyn Kury de Castillo Reporter
Eight energy companies, seven of which are based in Calgary, have been dropped from the Toronto Stock Exchange index. “It’s been a very, very tough year,” Precision Drilling president Kevin Neveu said. Continue reading
‘We’ve got open doors’: Texas lures Western Canadian businesses south
Texas realtor Robert Graham says 15,000 brochures have been delivered in Alberta, Saskatchewan and British Columbia so far, enticing businesses with a `BOOMING” economy, tax incentives and ranch-style properties. Another 50,000 brochures are coming. Continue reading
Oil price jump linked to Saudi Arabian attacks sparks energy stock rally
Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers. Continue reading
Precision Drilling reports Q1 profit, revenue up from year ago as rigs continue moving south
Precision Drilling says it made a profit in its latest quarter, as Canadian oil companies with operations in the U.S. are earning more money south of the border. Continue reading
Precision Drilling reports $198.3M fourth-quarter loss
Precision Drilling reported a loss of $198.3 million in its fourth quarter. Continue reading
Precision Drilling buying Trinidad Drilling in friendly deal valued at $1 billion
Two of Canada’s largest oil and gas drillers have agreed to combine in a deal worth about $1.03 billion, positioning them to have the third-largest contract drilling fleet in the United States. Continue reading
Oilpatch CEOs fear higher costs when marijuana is legal
Oilpatch CEOs fear their costs will rise when the federal government passes recently introduced legislation to legalize recreational marijuana. Continue reading
Precision Drilling reports higher rig demand but lower pricing in Q1
One of Canada’s largest oil and gas drilling companies is seeing renewed demand for its services but at lower prices. Continue reading
Oil cuts spur optimism in Canadian oilpatch after 2-year slump
Precision Drilling CEO Kevin Neveu said North American drilling budgets are starting to rise on oil price optimism, although much faster in the United States than in Canada. Continue reading