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Precision Drilling Corporation

PD.TO

Latest Trade

1.71CAD

Change

0.05(+3.01%)

Volume

943,982

Today's Range

1.67

 - 

1.71

52 Week Range

1.32

 - 

4.05

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Precision Drilling Posts Qtrly Loss Per Share $0.01

Oct 24 (Reuters) - Precision Drilling Corp <PD.TO>::ORATION ANNOUNCES 2019 THIRD QUARTER UNAUDITED FINANCIAL RESULTS.Q3 REVENUE C$376 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$383.4 MILLION.QTRLY LOSS PER SHARE $0.01.DURING QUARTER, PRECISION REDUCED DEBT BY $21 MILLION, FULLY EXPECT TO MEET OR EXCEED 2019 DEBT REDUCTION TARGET OF $200 MILLION.PRECISION DRILLING - REITERATE 2020 DEBT REDUCTION TARGET OF $100 MILLION TO $150 MILLION, WHICH WE EXPECT WILL INCLUDE BALANCE OF OUR 2021 SENIOR NOTES.PRECISION DRILLING - CAPITAL SPENDING IN 2019 EXPECTED TO BE $144 MILLION.FOR 2020, EXPECT CAPITAL SPENDING TO BE $60 MILLION TO $80 MILLION, COMPRISED PRIMARILY OF MAINTENANCE AND UPGRADE CAPITAL.

Precision Announces Approval Of Normal Course Issuer Bid

Aug 23 (Reuters) - Precision Drilling Corp <PD.TO>::PRECISION ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID.PRECISION DRILLING - UNDER NCIB, CO TO ACQUIRE UP TO 29.2 MILLION SHARES FOR CANCELLATION.

Precision Announces Reduced 2019 Capital Expenditure Plan

Aug 19 (Reuters) - Precision Drilling Corp <PD.TO>::PRECISION ANNOUNCES REDUCED 2019 CAPITAL EXPENDITURE PLAN AND BOARD APPROVAL OF NORMAL COURSE ISSUER BID.PRECISION DRILLING CORP - REDUCTION OF 2019 CAPITAL EXPENDITURE PLAN BY $25 MILLION, DOWN TO $144 MILLION FROM $169 MILLION.PRECISION DRILLING CORP - BOARD APPROVAL TO IMPLEMENT A NORMAL COURSE ISSUER BID OF UP TO 10% OF PUBLIC FLOAT.PRECISION DRILLING CORP - UPDATE ON 2019 YEAR-TO-DATE DEBT REDUCTION OF $136 MILLION, ON TRACK FOR 2019 TARGET DEBT REDUCTION OF $200 MILLION.PRECISION DRILLING CORP - PRELIMINARY GUIDANCE ON ITS 2020 PLANNED CAPITAL EXPENDITURE RANGE OF $60 MILLION TO $80 MILLION.PRECISION DRILLING CORP - 2020 DEBT REPAYMENT TARGET RANGE OF $100 MILLION TO $150 MILLION.PRECISION DRILLING - REAFFIRMING LONG-TERM DEBT REDUCTION TARGETED RANGE OF $400 MILLION TO $600 MILLION BY END OF 2021.

Precision Drilling Announces 2019 Second Quarter Loss Per Share Of C$0.05

July 25 (Reuters) - Precision Drilling Corp <PD.TO>::ORATION ANNOUNCES 2019 SECOND QUARTER UNAUDITED FINANCIAL RESULTS.Q2 REVENUE C$359 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$347.6 MILLION.Q2 LOSS PER SHARE C$0.05.Q2 EARNINGS PER SHARE VIEW C$-0.09 -- REFINITIV IBES DATA.QTRLY REVENUE PER UTILIZATION DAY IN U.S. INCREASED IN Q2 OF 2019 TO US$23,425 FROM US$21,795.IN CANADA, QTRLY AVERAGE REVENUE PER UTILIZATION DAY FOR CONTRACT DRILLING RIGS WAS $21,613 COMPARED WITH $22,072.REALIZED REVENUE FROM INTERNATIONAL CONTRACT DRILLING OF US$38 MILLION IN Q2 OF 2019, AN INCREASE OF US$1 MILLION.QTRLY REVENUE FROM COMPLETION AND PRODUCTION SERVICES DECREASED $2 MILLION COMPARED WITH Q2 OF 2018.PLANS TO GENERATE STRONG FREE CASH FLOW IN 2019 AND UTILIZE $200 MILLION TO REDUCE DEBT IN 2019.

Precision Drilling Corporation Announces Organizational Changes

July 3 (Reuters) - Precision Drilling Corp <PD.TO>::PRECISION DRILLING CORPORATION ANNOUNCES ORGANIZATIONAL CHANGES.PRECISION DRILLING CORP - GENE STAHL APPOINTED TO ROLE OF CHIEF MARKETING OFFICER.

Precision Says Year-To-Date Debt Repayment Of $125 Mln To Reach Mid-Point Of 2019 Debt Reduction Range

June 4 (Reuters) - Precision Drilling Corp <PD.TO>::PRECISION ANNOUNCES YEAR-TO-DATE DEBT REPAYMENT OF $125 MILLION TO REACH THE MID-POINT OF TARGETED 2019 DEBT REDUCTION RANGE.PRECISION DRILLING CORP - PRECISION SET ITS 2019 DEBT REPAYMENT TARGET AT $100 MILLION TO $150 MILLION.PRECISION DRILLING - INCREASED LONGER-TERM DEBT REDUCTION TARGET RANGE BY $100 MILLION WITH A NEW TARGET RANGE OF $400 MILLION TO $600 MILLION BY END OF 2021.PRECISION DRILLING - DEBT REDUCTION TARGETS WERE SET EARLIER IN YEAR.

Precision Drilling Q1 Adjusted Earnings Per Share C$0.00

April 25 (Reuters) - Precision Drilling Corp <PD.TO>::ANNOUNCES 2019 FIRST QUARTER UNAUDITED FINANCIAL RESULTS.Q1 EARNINGS PER SHARE C$0.00 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE C$0.08.Q1 REVENUE C$434 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$408.6 MILLION.Q1 EARNINGS PER SHARE ESTIMATE C$-0.05 -- REFINITIV IBES DATA.SUBSEQUENT TO Q1, ENTERED INTO A PURCHASE AND SALE AGREEMENT TO DISPOSE OF CERTAIN SNUBBING EQUIPMENT FOR PROCEEDS OF $8 MILLION.REVENUE PER UTILIZATION DAY IN U.S. INCREASED IN Q1 OF 2019 TO US$23,202 FROM US$20,603.

High Arctic To Buy Precision Drilling Snubbing Assets

April 4 (Reuters) - High Arctic Energy Services Inc <HWO.TO>::HIGH ARCTIC ANNOUNCES ACQUISITION OF PRECISION DRILLING SNUBBING ASSETS.HIGH ARCTIC ENERGY SERVICES INC - PURCHASE PRICE OF A TOTAL OF $8.25 MILLION WILL BE SETTLED IN CASH FROM CASH ON HAND.HIGH ARCTIC ENERGY SERVICES INC - ACQUISITION WILL PROVIDE HIGH ARCTIC WITH TWELVE ADDITIONAL MARKETED SNUBBING UNITS.

Precision Drilling Announces Asset Divestitures, Senior Note Redemption And Provides International Contract Update

March 18 (Reuters) - Precision Drilling Corp <PD.TO>::PRECISION DRILLING ANNOUNCES ASSET DIVESTITURES, SENIOR NOTE REDEMPTION AND PROVIDES INTERNATIONAL CONTRACT UPDATE.PRECISION DRILLING - ANNOUNCE TRANSACTIONS TO DIVEST OUR FIVE MEXICO BASED DRILLING RIGS AND OUR WATER TREATMENT BUSINESS BRANDED TERRA WATER SYSTEMS.ENTERED INTO AGREEMENT TO SELL FIVE IDLE DRILLING RIGS AND ANCILLARY EQUIPMENT CURRENTLY LOCATED IN MEXICO FOR US$48 MILLION.HAVE ENTERED INTO AN AGREEMENT TO SELL FIVE IDLE DRILLING RIGS AND ANCILLARY EQUIPMENT CURRENTLY LOCATED IN MEXICO FOR US$48 MILLION.PRECISION RECENTLY CLOSED TRANSACTION TO DIVEST ASSETS AND BUSINESS FOR AN UNDISCLOSED CASH CONSIDERATION.AT CONCLUSION OF TRANSACTION, PRECISION WILL HAVE NO ASSETS IN MEXICO.PRECISION DRILLING - COMPANY HAS INITIATED REDEMPTION OF US$30 MILLION OF ITS 6.50% SENIOR NOTES DUE 2021 ON A PRO RATA BASIS WITH AVAILABLE CASH ON HAND.PRECISION DRILLING - REGARDING TERRA WATER SYSTEMS, CO RECENTLY CLOSED TRANSACTION TO DIVEST ASSETS & BUSINESS FOR UNDISCLOSED CASH CONSIDERATION.COMPANY HAS SIGNED THREE-YEAR CONTRACT RENEWALS FOR TWO RIGS IN SAUDI ARABIA, EFFECTIVE MARCH 1, 2019.PRECISION DRILLING - IN KUWAIT, SIGNED 1-YEAR EXTENSIONS ON 2 RIGS THAT WERE SET TO EXPIRE MID-YEAR, REMAIN ON TRACK TO DELIVER SIXTH NEW BUILD RIG IN JULY.

Precision Drilling Corp Announces 2018 Fourth Quarter And Year-End Unaudited Financial Results

Feb 14 (Reuters) - Precision Drilling Corp <PD.TO>::PRECISION DRILLING CORPORATION ANNOUNCES 2018 FOURTH QUARTER AND YEAR END UNAUDITED FINANCIAL RESULTS.Q4 REVENUE C$427 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$403.4 MILLION.QTRLY NET LOSS OF $0.68 PER SHARE.EXCLUDING IMPACT OF GOODWILL IMPAIRMENT NET EARNINGS WOULD HAVE BEEN $0.00 PER SHARE IN QUARTER.CAPITAL SPENDING IN 2019 IS EXPECTED TO BE $169 MILLION.PRECISION DRILLING - INCREASED CO'S LONG-TERM DEBT REDUCTION TARGETS TO $400 MILLION TO $600 MILLION BY YEAR-END 2021 (INCLUSIVE OF 2018 DEBT REPAYMENTS).

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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