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Stock Market & Financial Investment News

News Breaks
October 25, 2012
06:29 EDTPDSPrecision Drilling has a strong portfolio of long-term customer contracts
Precision has an average of 119 rigs committed under term contracts for Q4 of 2012, an average of 100 rigs contracted for Q1 of 2013 and 91 for Q2 of 2013. In Canada, term contracted rigs normally generate 250 utilization days per rig year due to the seasonal nature of well access, whereas in the U.S. and international they usually generate 365 utilization days per rig year in most regions.
News For PDS From The Last 14 Days
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October 27, 2014
15:00 EDTPDSPrecision Drilling says expects number of rigs to rise through 2015
Says recent oil price slide is "concerning," but doesn't expect a reduction in drilling near term. Says winter drilling season should be strong. Says will deliver around 3 rigs per month over next several quarters. Says "could not be more pleased" with current strategy. Comments from company's Q3 earnings conference call.
14:08 EDTPDSPrecision Drilling sees FY14 CapEx $908M, down from prior view of $934M
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06:06 EDTPDSPrecision Drilling raises Q4 dividend by 17% to 7c per share
The board of Precision Drilling has declared a dividend on its common shares of 7c per common share, a 17% increase over the prior quarter. The dividend is payable on November 24, to shareholders of record on November 14.
06:05 EDTPDSPrecision Drilling reports Q3 EPS 18c, consensus 17c
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October 16, 2014
09:38 EDTPDSPrecision Drilling upgraded to Action List Buy from Buy at TD Securities
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