Precision Drilling
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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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Precision Drilling reports $5.3M Q1 loss, warns of drop in demand well into 2021Precision Drilling reported a loss in its first quarter and warned that it expected a significant and sustained drop in customer demand for oil and gas services well into next year as a result of the recent plunge in oil prices.EconomyApr 30, 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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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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Precision Drilling among 7 Calgary-based companies dropped from S&P/TSX composite indexEight 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.EconomySep 25, 2019
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‘We’ve got open doors’: Texas lures Western Canadian businesses southTexas 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.CanadaSep 22, 2019
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