Precision Drilling (NYSE: PDS)
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Precision Drilling Return vs. S&P
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Precision Drilling Company Info
Precision Drilling Corp. engages in the provision of onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following business segments: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes rig and directional drilling, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental, and camp and catering services. The company was founded in 1951 and is headquartered in Calgary, Canada.
News & Analysis
Shares of this Canadian provider of oil and gas drilling equipment posted a dizzying return of 113% last year.
Canadian company Precision Drilling was able to squeeze out a profit this past quarter, and it's looking to build on that success in 2019.
The company's better-than-expected result and debt-reduction progress have Wall Street cheering today.
Management appears to be getting serious about debt reduction.
Precision Drilling thinks that North American shale drilling will continue to be in growth mode for years, and it's making an audacious acquisition to prove it.
Active rig counts and margins for certain regions are up, but the company is still posting losses.
The turnaround for land rig companies is taking much longer than originally anticipated.
The market continues to cheer the drilling contractor’s third-quarter results.
PDS earnings call for the period ending September 30, 2020.
PDS earnings call for the period ending June 30, 2020.
PDS earnings call for the period ending March 31, 2020.
PDS earnings call for the period ending December 31, 2019.
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