PDS earnings call for the period ending September 30, 2019.
News & Analysis: Precision Drilling Corporation
PDS earnings call for the period ending June 30, 2019.
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.
The company's North American drilling rigs are proving to be more popular than many other offers on the market.